The job disruption is real and it will be an job apocalypse for plenty of people.
If a company is now paying for ai tokens and you now have 5-20% higher cost but you are relevant more efficient, you will reduce your team by 5-20%.
It is already a job apocalypse for people who learned language and no longer get a job for translating or text analysis. People who want to be an illustrator have a job apocalpyse.
And we have not even SEEN what it will look like in 4-14 years. Physical AI / Robotic is progressing like crazy too.
General society: [notices this is what AI companies are explicitly trying to do.]
AI companies: don't worry about it bro, it'll all be fine -- better than fine in fact. And not just for us, promise! Actually we'll somehow create even more jobs, while still being able to massively increase productivity, even though this is contradictory and impossible. Because nothing is impossible with AI!
If the number of jobs stays constant but a lot of those jobs have been downgraded to fungible operators of AI, that's very bad.
All well and good, but the age old question. How will people get experience if entry level is AI ? But maybe for a preview look at COBOL, there is huge demand for experience people.
Is there? I actually looked into this once, and nearly all the Cobol work I saw mentioned was being outsourced to software consulting companies in India. And it didn't sound like an especially good job there, either.
If anyone is genuinely paying disgusting amounts of money for deep Cobol expertise, I'd love to see any public evidence that this is happening on any significant scale!