Before the industrial revolution, approximately 90% of people worked in agriculture. In fully industrialized countries, that figure is now <2%. That decrease constituted a nearly full replacement of everything humans were doing, better and more cheaply. While this time might be different, I don't think this is a given.
Maybe it’s not a given, but it is part of the sales pitch for CEOs. A few others have announced layoffs due to AI being better and more efficient than humans.
How much truth there is to it we don’t know for sure. But it’s not something to be ignored.