I have 32 GB RAM on my iMac and it's always maxed out, specially with Safari running with 50 tabs opened.Yes we do: it will translate into 8/16GB of RAM.
You can do a lot with 16GB and it is perfectly adequate for the sort of things you get these entry-level Macs for, The intel versions of the Air and the lower-end "2 port" 13" MBP that these Macs are replacing also maxed out at 16GB.
People who currently get 32GB+ of RAM (unless it is just for bragging rights) do so because they need to hold large amounts of data in RAM (multiple large bitmaps, sound sample banks, vast arrays for number-crunching) that can't be streamed/swapped to SSD - and 1GB of data on Intel is still 1GB of data on Apple Silicon, especially when they're both running fundamentally the same operating system and applications.
M2/M1X - or whatever the next iteration of the chip that goes into the higher-end Macs is called - will have to offer larger RAM options. Now, if those are going to be hyper-expensive, we may have a problem.
Nothing special here. Just web browsing. I have to use SystemPal to release RAM, although Catalina manages RAM as needed. With an SSD drive, memory swapping makes it less painful, but then it's using your free storage for the swapping.