I agree with that take. broadly. So much expensive human effort is expended on repetitive cognitive tasks. Those will be faster, cheaper, and more reliably done by AI. Also, freeing up all those labor hours will bring down the labor costs and increase the efficiency of everything else.

I haven't looked into the details, but I've seen predictions of 90% average cost reductions. That happened many times during the Industrial Revolution, so it's not as implausible as it might seem.