Tldr: in this “revolution” we get to play the part of the horses from the Industrial Revolution.
The last revolution made more and better jobs for horses at the start. Then it made less and zero jobs for horses. This one could be the same for humans.
Yeah, the switch has an entire core locked off and everything is downclocked to improve battery life and control temperatures. No doubt this emulation gives everything more clock cycles (and perhaps an extra core?). Probably very short on battery and possibly very hot too.