The real trouble isn't that it can replace us. Instead, consider that when there have been two comparable technologies in the market, the market has invariably chosen the lowest-quality/worst one. Why? That's easy to understand... while the chosen option is objectively the worst, it's always the cheapest. And cheapest wins. It's not "can AI do his job?" so much as "is the AI cheaper than a human?". And I think we all know the answer to that... even if the silicon's expensive now, volume pricing, data center buildouts, and other economic forces will soon make it cheaper.

The thing that is truly mysterious to the managerial and ruling classes though... when everyone is unemployed, who will be able to afford to buy your junk? Whatever industry you're in, whatever it is you're selling, the people buying that have the money to buy it because they still have jobs. If you're cutting jobs at your company, that helps the bottom line, but every other company is doing the same thing. And they're laying off your customers.

If this were true, nobody would be buying iPhones, nobody would be buying Teslas, in fact, nobody would be buying premium class cars.