The problem is not necessarily job losses as such. When artisans were replaced by factory work, it took a long time for automation to actually reduce the number of workers. What happened quickly was that the asset of the artisans -their skill and experience - was replaced by an asset owned by the factory owner -the capital equipment. That converted workers from having guaranteed work, and a degree of autonomy, to being a replaceable commodity dominated by the factory system.

This is the real threat today. The growth of the middle class was essentially the growth of jobs in which the workers have human capital in their skill and experience again. That experience is being slurped up by LLMs and other models.

The question is whether "LLM operator" is really going to be a profession which requires scarce skills and experience, or whether many companies will be operable with less well-rewarded workers. I think that those who think there's an obvious correct prediction here are overconfident.