80-20.
As a programmer, Copilot scares and excites me - not because I think it will become better than me at what I do in the short term (though in the long term - probably!) - but because I can already see how a well-structured use of such a tool could do a whole lot (80%?) of what I do. Mostly the easier stuff, mostly the relaxing-yet-tedious-time-filler stuff, but still - most of it. And it also crucially does much of what I did back when I was a junior/intermediate programmer.
Once this system is setup right - which capitalism basically guarantees it will - that's gonna suddenly cut quite a lot of my billable hours (80%?) and quite a lot the simpler work typically done by less-experienced programmers (80% of jobs?)
Granted, new capabilities like this also will lower the cost of creation, and thus the demands of the market are likely to grow. And it's possible that the few tricky things that AIs aren't so great at might even increase in value, since they will linchpin so much other opportunity. But will many people be replaced? Oh hell yes. And leaping that gap from an amateur relying on AIs to an expert surpassing them is going to be harder and harder, with no market to pay people in the in-between - they'll have to just be relatively-unpaid hobbyists til they develop the drive to jump to expertise.
Anyone suggesting AIs will just outright replace the film/photography/programming industry immediately is disingenuous. But even with only the currently known capabilities, it's not hard to imagine that these could eat up a dominant chunk of the work that's currently done, even while it expands the capabilities and thus scope of what will soon be possible. Like digital photography, it's gonna both devour and expand the industry, with a resulting much smaller niche of expert creators and a massive very-accessible dirt-cheap general public access that becomes the majority of the new market. 80-20. Everyone's about to become an artist, director, programmer, and everything else these things can enable, at an effective skill level that we normally consider at least "intermediate". We might still have that expert niche a bit longer... but give it a few more years..? ;)