> It is about to crash, harder than ever.

It is indeed; those people hired at those salaries are not going to "produce" more than the people hired at normal salaries.

Because what we have now is a "good enough" so getting a 10x better LLM isn't going to produce a 10x increase in revenue (nevermind profit).

The problem is not "We need a better LLM" or "We need cheaper/faster generation". It's "We don't know how to make money of this".

That doesn't require engineers who can creat the next generation SOTA in AI, that requires business people who can spot solutions which simply needs tokens.