Or we can just refuse this future and act as a society to prevent it from happening. We absolutely have that power, if we choose to organize and use it.
If we were to consider that, then to what end? If you accept my framing of the long-term implications of LLMs on the industry, then what you're suggesting is effectively that we should deprive society of greater prosperity for the benefit of a small minority. Personally, I'd rather improve democratization of entrepreneurship (among other things) than artificially prop up software engineering salaries.
And let's say the US did all that. What then? We neuter our economy and expect our adversaries to just follow suit? More likely it hobbles our ability to compete and ultimately ushers in an era of global hegemony under the CCP.
This already exactly the case. AI won't bring jackshit to anyone except those who're already sitting on too much wealth than any human should deserve.
At best, AI will slightly increase average global misery by virtue of producing too much garbage that pollutes the digital landscape.
The industrial revolution didn't bring prosperity to anyone except the capital owners, who forced their employees (physical force) to work many long hours, in gruesome environment, for pathetic wages.
When the Society's Elites promise something, the common man must be wary, those elites didn't reach their spots by being kind.
This is simply not true. Compare life of common man of today, to one from 3 centuries before. Quality of life increased tenfold, medicine, knowledge access, world travelability, life expentancy, political representation etc. Of course capital owners get richer even still, but suggesting we were better of without inudstrail revolution is just disingenous.
Once it exists, anywhere, the job market is toast - banning it in the US just means outsourcing all the economic benefits to China. We have a long history of technological revolutions to demonstrate this: the un-industrialized nations fared a lot worse than the ones at the frontier of technology.
As far as the industrial revolution, your take is ahistorical. We're clearly more prosperous now than we were before industrialization. Let's not forget that the pre-industrial American economy relied on literal enslavement of 15 - 20% of the population.