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I've been hearing about the automation makes work superflous for well over a decade now. It reached a crescendo in 2016-17 with Erik Brynjolfsson's book and subsequent forecasts by various institutions of a rapid job less. Never happened. Can AI be different? It could, but people are vastly overestimating AI progress. The key to productivity displacing jobs is when programmers themselves are no longer as needed and AI can self-improve. We're still a long away from that.
Alternatively, some capitalists prefer high immigration as a way to cheap out, reduce bargaining power for workers and saving on productivity-enhancing investments while pocketing the change in terms of dividends. To be clear, I think some on the left are driven by moralistic arguments but they aren't the ones driving policy. Capitalists are, but they are opportunistic enough to use the shield of leftist morality to bludgeon their political opponents. It has the added benefit of raising one's social status in the domestic arena and people care deeply about status, too.
It's not the key. If AI was inacapble of self-improvement but could learn complex work at midwit level (115-125) and drive humanoid robots, it could displace like 80% of workers at the minimum.
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