As someone who has spent a vast portion of life believing technology would make life better, I've come to the realisation that this idea is a fallacy. Technology amplifies power and until we collectively redefine and enforce a value system that benefits us all, the advancements in technology simply serve as a means of subjugation
What needs to change is the system in which that technology exists inside, because otherwise removing technology will still keep us on the same trajectory to the same destination, only much slower and possibly with much more pain.
What we're seeing right now with layoffs and everything else is simply an acceleration of our current trajectory. We were always going to get here, AI just got us here a few decades ahead of schedule.
For once, however, we have a technology that could let us change this trajectory. I've said this before, but the capital class held so much power because it took a lot of people, and hence a lot of capital, to take on large endeavors that created new wealth. But things were rigged such that those who provided the capital also captured most of that new wealth.
Now, just as AI lets companies (i.e. capital) do the same things with fewer people, it also lets people do the work of entire companies by themselves... i.e. without capital. That is a big enough shift in power dynamics to alter the trajectory in previously inconceivable ways.