It's okay to not think every technology under the sun is a good thing. You don't have to have heart-eyes emojis for the immiseration machine.
Once more for emphasis: you do not have to cheer on the immiseration machine.
And I take it from your use of Marxist terminology that you’re coming from that the perspective. 20th Century Marxists embraced technological advancement, and used that to advance the cause of the proletariat. The REAL immiseration is to embrace paleoconservative ludditism.
I believe AGI can help small businesses have higher margins for the same service level - but lower cost.
It is, however, a really convenient excuse for people who don't regularly think about how people who don't work "above the API" actually exist in the world.
Have you ever run a business that employed other people and relied on operational income rather than venture capital to function?
Because this "obvious play" is a screaming red flag for misunderstanding the fundamentals of how business works when money isn't free and speculative.
You can't be too reactive with talent. If you hired 10 people, you should be figuring out how to make that talent pool as happy and productive as possible, not firing them out of fear at the earliest opportunity.
When said business can replace the employees with tools and AI, they will.
Or maybe you're implying that reducing the costs changes this equation?
If it's like many businesses in the classification world, they aren't lacking for work, so it's more like they'll be able to do 10x the work done by keeping the same number of people.
Why would 50% for 0.1% be different? 30% for 0.01%?
This is the enshittification spiral to which I refer.
If I was paying someone for labeling or classification, and the quality dropped to 90%, 50%, 30% accuracy, I'd quickly fire them.
(Yes, this may be stupid. I agree with you. I'm not saying what should happen. I'm saying what will happen, and that that is really bad.)