THE BUBBLE IS LABOR

Summary from the TLDR newsletter

Companies only hire people because they can't do all of the work themselves. If every founder could handle all of the tasks themselves, there wouldn't be anywhere near the number of jobs we have today. The only reason the current labor market exists is because there's a group of founders/owners who need help producing their goods and services. These people aren't required to hire anyone, and the moment they can do the work themselves, they will.