alt Hacker NewsUpvote for bringing data, since I did not. That said, that quote was in reference to AI, so referred to the past 3-4 years. And of course, our money today is not worth as much as it was 20+ years ago. Also many important goods and services increased in price at a higher rate than inflation or wage increases. It might be interesting to look at such industries for a history of consolidation or PE-involvement.
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For what it's worth, I thought the rest of your comment was a very accurate description of how labor and capital are reallocated within an industry. The question is simply whether it's a bad thing that Hollywood studios have decamped for Atlanta and Toronto. For the people working in LA that don't want to move, I'm sure the answer is yes. But on net, I think it's probably meant more and better work for more people in general.
The data by the Fed linked above is inflation adjusted.