Sadly capitalism rewards scarcity at a macro level, which in some ways is the opposite of efficiency. It also grants "social status" to the scarce via more resources. As long as you aren't disrupted, and everyone in your industry does the same/colludes, restricting output and working less usually commands more money up to a certain point (prices are set more as a monopoly in these markets). Its just that scarcity was in the past correlated with difficulty which made it "somewhat fair" -> AI changes that.

Its why unions, associations, professional bodies, etc exist for example. This whole thread is an example -> the value gained from efficiency in SWE jobs doesn't seem to be accruing value to the people with SWE skills.