The ruling class clearly does not seem to grasp the concept and believes they can fire us all and replace us with next-level markov chain auto completes.
It doesn't matter how companies actually do anymore. All that matters is the implication. See PE ratios of tech darlings. Most of that value proposition is purely hype. They can turn a profit on hype for a lot longer than you or I can last without work that's for sure. How long is your runway? Better yet, how long until you are radicalized against the system beating you down?