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...Have you never heard of Slavery? The Triangle Trade?
Human capital != creative intellectual ability
If the sentient insectoids could do warehouse work, there would be millions of them in the inland empire in a few years. That goes double for Victorians or Saudis.
Considering that @hydroacetylene explicitly said, quote, "Earth still produces plenty of geniuses, and indeed plenty of not-genius tier but highly capable engineers, technicians, etc.", I assume that at least he specifically meant creative intellectual ability when talking about "human capital". Whether aliens would be interested in us as slaves for their menial labour is a different question, but that would certainly require certain additional circumstances (such as them having the technology to build us habitats in which we can be employed to do work they need, but not to just automate the same work or terraform our planet for themselves).
Slaves don't need to be used purely as manual labor.
Intelligent slaves offer advantages over intelligent free peers. Our insect owners don't have to worry (for a few centuries at least!) about a high level human slave becoming Hive President.
We theorize about creating self replicating intelligent machines. We are, once properly aligned, self replicating intelligent machines.
This comment makes me feel like there's a scifi story or alternate universe somewhere where humans, on the cusp of inventing AGI, get invaded by intelligent aliens, somehow miraculously defeat them, and discover that raising and reproducing these aliens is actually much cheaper on a per-intelligence basis than building servers or paying AI engineers, leading to AI dev being starved of resources in favor of advancing alien husbandry. Conveniently, the AI label/branding could remain as-is, for Alien Intelligence.
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