I think the issue is that everybody assumes the economy operates under some kind of "free market" conditions: limited by available labor but with unlimited potential demand. In that situation, AI could indeed cause massive unemployment.
But this is perhaps not the case. By pesimistic estimates half of the people work in bs jobs that have no real value to society, and every capitalist is focused on rent extraction now. If the economy can operate under such conditions, it doesn't really need more productivity growth, it is already demand-limited.
But this is perhaps not the case. By pesimistic estimates half of the people work in bs jobs that have no real value to society, and every capitalist is focused on rent extraction now. If the economy can operate under such conditions, it doesn't really need more productivity growth, it is already demand-limited.