> And also when "the rich" have more profit, they now want to spend that profit on things, which spawns new luxury good industries.

Absurd, they spend a fraction of their wealth on luxury goods (an industry which employs very few people anyway), the rest is on assets, keeping them locked into the financial market.

> Of course, the news cycle and the sob stories always revolve around people losing their existing jobs, but there is new jobs around that previously didnt exist. Jobs that people previously never thought was even "a job".

> Of course, it is up to the individual to search and find their niche, and to produce value to sustain their own existence. The advent of AI is not going to be different.

As in any upheaval of the labour market, there will be people who cannot or won't retrain, becoming detached from society. Those usually end up angry, left to their own devices, and lash out politically by voting on demagogues. In the end the whole of society bears the cost, is that really the best way we found to achieve progress? Leave people behind and blame the individual instead of seeking systemic approaches to solve systemic issues?