It's also a great example of why tech executives shouldn't be trusted, at all. "My thing will break our entire economy. I'm still gonna build it, though." - statements dreamed up by the utterly deranged
They shouldn't be trusted for any number of reasons, but the need for social systems to adapt to reality isn't their fault.
I wouldn't care nearly as much about AI were there a stronger social safety net in the US. However, that's not going to happen anytime soon, because that requires taxes to pay for, and the very wealthy do not like paying those because it reduces their wealth.