Thrive Holdings agrees to buy ADT for $15.3 billion

The author argues that advancements in large language models will allow service businesses to automate routine labor and vertically integrate by building their own in-house software. By owning the systems that perform the work instead of renting software or relying on human labor, these firms can capture the savings and increase their economic leverage. The author contends that this trend will worsen the K-shaped economy, reduce labor's share of income, and force workers to turn their own expertise into software assets. Open article →