I think we essentially agree. #2 is an interesting point to think about. Especially as the FAANGs continue to consolidate, while there will be a greatly increas

I think we essentially agree. #2 is an interesting point to think about. Especially as the FAANGs continue to consolidate, while there will be a greatly increased appetite for software engineers as labor, thanks to network effects (and a bit of #3) you end up with fewer opportunities for labor to become capital and vice-versa.