> it might very well just lead to leveling up the entire workforce.

How could that possibly work?

At some point I could see white collar work trending down fast, in a way that radically increased the value of blue color work. Software gets cheaper much faster than hardware.

But then the innovation and investments go into smart hardware, and robotics effectiveness/cost goes up.

If you can see a path where AI isn't a one-generational transition to most human (economic) obsolescence, I would certainly be interested in the principle or mechanism you see.