Software is Eating Labor At 300 billion in annual revenue, the global software market is huge. But it pales in comparison to the labor market, which weighs in at 13 trillion a year in just the US. The wages of nurses alone are more than twice the revenue of every SaaS company combined. Over the last 70 years, software fundamentally changed the way we record, store, and share information. Its next act is to perform the work itself and charge on outcomes, capturing trillions of dollars of value in the process. @arampell explains in this talk from the 2025 a16z LP Summit. 00:00 The history of labor and automation 03:34 Software case studies 09:10 The business model of software has to change 11:39 Software will eat labor 20:08 It's not just about cost 22:48 AI creates new market opportunities(a16z)