Machine learning is a monkey bashing keys on a typewriter. Improvements will result in a better typewriter, so the moneky will more often hit the good keys instead of the bad ones, but it won’t result in a smarter monkey. It will still be random because probability is inherent to the technology, which means that AI will never be trustworthy. Would you ever trust a calculator that sometimes says 1+1=3? Even if it only did that 1% of the time?
You aren’t wrong about GenAI replacing jobs though, because there are people willing to use faulty, untrustworthy tools. Your manager, people in the C-suite, Business Idiots who have no idea what the the job actually needs to function properly are being tricked into thinking that chat boxes will let them cut operational costs without incurring any significant consequences.
It doesn’t really matter how good or not AI is; the reason jobs are being cut is because Business Idiots with more money than sense can fire people based on vibes. This has been a known problem since thr 1980’s when Jack Welch destroyed GE through his idiotic “Rank and Yank” strategy. His foolish business practices made a lot of money in the short term, which is why he is lauded as the CEO of the Century, even though those same business practices destroyed one of the greatest American companies in a handful of years.
You think we live in a completely rational society that operates off market fundamentals like “supply and demand”? That is like planning a road trip assuming you’ll drive on a frictionless flat plane in a vacuum.
If supply and demand were truly adhered to, Boeing airplanes would be out of business after their doors falling off mid flight became widely knwon. Tesla would be out of business since their cars break when going into a carwash. Several banks would be out of business after gambling on housing speculation.
The idea that we live in a self regulating society that operates off The Invisible Hand is pure fantasy. Capitalism picks winners and losers all the time while making excuses swallowed by rubes like you.