You are describing in cases where small businesses have little headcount and cant shrink any further. But in a much bigger picture AI is akin to what Excel did

You are describing in cases where small businesses have little headcount and cant shrink any further. But in a much bigger picture AI is akin to what Excel did to a building of people doing accounting and bookkeeping. Except at the time there were plenty of opportunities for those people doing different thing in the market. Something that economists constantly burp about. I dont see this now. For whatever reason the economy has so much more bullshit job than those days, despite computer and technology we have far more administration hurdle and employees than before. And 70% of those will go away in the next 5 years. We automated those needless complexity. It isn't clear to me in a world today where many jobs are specialised, there is enough time and room for them to relearn the skills required for other job opportunities, if there are that many to fill the ones who were laid off.