Sorry, but you're wrong. I'm gonna get the downvotes because everyone loves to hate on AI, but it's true. There are many many entry level software jobs that can get replaced right now. I do AI research for climate stuff and all of my colleagues feel the same way. Yall can live in a different reality if it makes you feel better, but it's not the truth. That doesn't mean it's not a form of a bubble or at the peak of the hype cycle, though. Both things are true.
From a wealthy elite perspective, it's the desire of the ultimate triumph of Capital over Labor, and that's terrifying as being on the Labor side.