The AI bubble is causing large scale resource mis-allocation. That means that resources that could and should have been allocated to useful things have instead gone into data centre build outs and the panoply of marketing, executive hot air, forced/frivolous use of LLMs etc etc - the list goes on.

This means that society as a whole is perhaps significantly poorer than if LLMs had been properly valued (i.e. not a bubble), or had simply never happened at all.

Unfortunately it will likely be the poorest and most vulnerable in our societies that will bear the brunt. 'Twas ever thus.