You nailed it. AI advancement leads to arbitrage opportunities in white collar labor as did mechanical automation lead to arbitrage opportunities in blue collar

You nailed it. AI advancement leads to arbitrage opportunities in white collar labor as did mechanical automation lead to arbitrage opportunities in blue collar labor which leads to group of giant firms that collude to keep wages low as a result of the Nash Equilibrium. Apple won't pay workers more than Google does and vice versa. Starting a tit for tat would drive wages high which would increase uncertainty and risk for market monopolies.