Its why executive types are all hyped about AI. Being able to code 2x more will mean they get 2x more things (roughly speaking), but the workers aren’t going to get 2x the compensation.
Indeed. And AI does its work without those productivity-hindering things like need for recreation and sleep, ethical treatment, and a myriad of others. It's a new resource to exploit, and that makes everyone excited who is building on some resource.
Keep in mind that competitors will also produce 2x, so even executives wont get 2x compensation