Hm, I'm unfamiliar with the public:private job ratio in the US. I'd imagine other industries bolster the US more (tech being an obvious one)? Whereas in Canada our biggest industries have dwindled and we typically lose our knowledge-based workers to you gosh darn freedom lovers!
I'm no economist by any means but most armchair experts I interact tend to believe that this drive in pricing comes from low yield government spending, increased immigration and of course lower rate of residences being built.
IMO, altering immigration levels would have the most tangible affect on the housing and jobs (unsure about the US). I'm not bullish on the idea that we can build residences quickly and the government spending is hard to control with poor financial auditing among the current administration.
Since Trudeau has been elected the likelihood of purchasing a home or finding a job has drastically reduced and continues to fall. Rising tides raise all boats, given that the rent has risen everywhere too.
This creates a divide between the have and have-nots of property ownership and public or private employment. This divides ends in the individuals who have are happy since their investment skyrocketed while the have-nots are left with no hope for their future.
As for employment, the primary job growth is in public sector (government jobs) which are ultimately a parasitic value add to the economy.
Given this, it's easy to see the negative sentiment in Trudeau and his cabinet. This sentiment seems to have hit a crescendo with the recent release of the over-shot budget deficit.
LLM's are a model therefore require data, including new data. When it comes to obscure tasks, niche systems and peculiar integrations, LLM's seem to struggle with that nuance.
So should you be worried they will replace you? No. You should worry about not adopting the technology in some form, otherwise your peers will outpace you.