Change is a constant in history. Stuff happens, and then we adjust. Big changes may result in short term confusion, anger, etc. All the classic signs of the five stages of grief basically.
If you step back a little, a lot of people simply don't see the forest for the trees and they start imagining bad outcomes and then panic over those. Understandable but not that productive.
If you look at past changes where that was the case you can see some patterns. People project both utopian and dystopian views and there's a certain amount of hysteria and hype around both views. But neither of those usually play out as people hope/predict. The inability to look beyond the status quo and redefine the future in terms of it is very common. It's the whole cars vs. faster horses thing. I call this an imagination deficit. It usually sorts itself out over time as people find out different ways to adjust and the rest of society just adjusts itself around that. Usually this also involves stuff few people predicted. But until that happens, there's uncertainty, chaos, and also opportunity.
With AI, there's going to be a need for some adjustment. Whether people like it or not, a lot of what we do will likely end up being quite easy to automate. And that raises the question what we'll do instead.
Of course, the flip side of automating stuff is that it lowers the value of that stuff. That actually moderates the rollout of this stuff and has diminishing returns. We'll automate all the easy and expensive stuff first. And that will keep us busy for a while. Ultimately we'll pay less for this stuff and do more of it. But that just means we start looking for more valuable stuff to do and buy. We'll effectively move the goal posts and raise the ambition. That's where the economical growth will come from.
This adjustment process is obviously going to be painful for some people. But the good news is that it won't happen overnight. We'll have time to learn new things and figure out what we can do that is actually valuable to others. Most things don't happen at the speed the most optimistic person wants things to happen. Just looking at inference cost and energy, there are some real constraints on what we can do at scale short term. And energy cost just went up by quite a lot. Lots of new challenges where AI isn't the easy answer just yet.