Individual businesses shrinking and closing isn't the same as entire industries and professions being automated or "globalized" away. For example, plenty of tec

Individual businesses shrinking and closing isn't the same as entire industries and professions being automated or "globalized" away. For example, plenty of tech startups fail, but that doesn't affect the market for programmers in the Bay Area, because plenty of tech startups are being created, too. Now, let's say the VC money dried up somehow, or we invented an AI capable of programming anything based on a vague description. Lots of programmers would be out of a job.