Sorry that's no realistic. People start businesses, including law firms, all the time with little to no capital.
Assuming token costs will be prohibitive assumes:
A) tokens will be really expensive and B) you need to fund tokens before you have revenue.
Your asserting AI makes the economy more capital intensive, when I think you'll see in practice it's the opposite.
> People start businesses, including law firms, all the time with little to no capital.
Those people are usually very talented and work 16/7. And they need to convince other similar people to work for them, usually at a lower-than-market rate.
The premise here is "talented humans working hard" will stop being a valuable thing due to AI.
> Sorry that's no realistic. People start businesses, including law firms, all the time with little to no capital.
You're clinging past: what you is true when human capital counts for something, but what happens when it doesn't? Where the party who can spend the most tokens on the case wins (or has a much greater chance of success)?
Law might not be the best example of that, but (under current trends) a lot of areas will be.
> Your asserting AI makes the economy more capital intensive, when I think you'll see in practice it's the opposite.
You're claiming AI will make the economy more labor intensive? Huh?
In the same way that you cannot compete against Ford at making cars without capital because Ford used their capital to automate manual labor at prices and speeds you'll never be able to reach.
"Intellectual" jobs, that require thought were yet spared, as the only way to use capital for that was just to pay for more meat: see Accenture, CapGemini, IBM, etc. You could carve yourself a spot for some people because it was hard for this capital to reach them. Now that AI, a literal machine that automates thought, is here, the costs for reaching bumfuck nowhere to take the clients away from you has dropped drastically for them, but not for you. They get economies of scale, already established patterns, tools, internal databases. You're starting with hopes, dreams and a $20 Claude sub that runs out at 10AM.
There is not infinite need for lawyers, there being more lawyers does not create more legal opportunities and cases past a certain point, and you're then dependent on other things like there being enough judges.
Robots transformed capital into manual actions and killed most manufacturing jobs save for precious few experts or things that are too expensive to automate still. AI will transform that capital into intellectual labor and crush you, take all opportunities away from you.
People start businesses all the time yes.
But like 80% shuts down before reaching 2 years as they run out of money.