If it is a self-driving car then it can do recursive self-improvement. Then we are either post-scarcity or it kills us all. Either way it wouldn't make sense to worry about employment.
Unless it doesn't kill us all, but post-scarcity is paired with hoarding of most resources by the select few that control a surveillance state and autonomous police force.
The only solid outcome for the powers that be is that VC is allowed to cash out and re-invest it to ensure America stays ahead. Whatever happens to employee shares - who cares.
The gap between China and USA is closing. Im not talking LLMs. Im talking purely about innovation - USA may be technically more creative but China are great a) copying b) latching on and coming up with creative ways to be efficient. Having lots of VC capital with a preference for USA is very strategically important.
And this is why the whole thing will implode eventually. But there will be a period of pain until then.