demand for food is very elastic. if beef becomes more expensive, cheaper protein options get more demand (chicken, pork, tofu, beans).

fruits and all non-essential food items are famously very elastic, and constitute large share of the spending.

for example: if cheap cereal becomes abundant, it is only at the cost of poor quality, so demand for high quality cereal will increase.

the LLM driven software engineering will continuously increase the bar for quality and demand for high quality software