Accountants will still exist, but we'll need fewer of them at any given time. In your example of flipping the 80/20 ratio, you are implying that each accountant would be able to (theoretically) handle a 5x workload with AI making up the gap.
Perhaps in reality more like a 3x advantage, due to human inefficiencies and the overhead of scaling the business to handle more clients.
Given that, 3x increase of productivity implies we either need 1/3 the accountants, or the accountancy supply brings down prices and more clients start hiring accountants due to affordability.
Perhaps in reality more like a 3x advantage, due to human inefficiencies and the overhead of scaling the business to handle more clients.
Given that, 3x increase of productivity implies we either need 1/3 the accountants, or the accountancy supply brings down prices and more clients start hiring accountants due to affordability.