> In the past, new jobs appeared that the workers could migrate to.

There was no happy and smooth transition that you seem to allude to. The Luddite movement was in direct response to this: people were dying over this. Factory owners fired or massively reduced wages of workers, replacing many with child workers in precarious and dangerous conditions. In response, the workers smashed the machines that were being used to eliminate their jobs and prevent them from feeding themselves and their families (_not_ the machines that were used to make their jobs easier).

I think if we zoom out of the tech and into a bit more of economic the risk I see is that the incumbent hold a lot of advantages and also control the means of production due secondary factors like gpu scarcity.

If we want to draw some parallel this may trigger a robber baron kind of outcome more than an industrial revolution.

The existence of workable open weight models tips me more toward the optimistic outcome

Butthere's trillions at stake now and that must not be discounted it's the kind of wealth accumulation that can easily trigger a war. (And if you thinkit isn't you can look at the oil wars in the 90s and other more recent resources war bring fought in Europe today.

Expect "gpu gap" talks sooner that later, and notice there's a few global power with no horse to race.