Actually, it's an apt label because the machine looms were brought in by factory owners so they could employ less skilled operators who commanded a much lower wage, and the factory owners pocketed the difference. Skilled weavers were up in arms and smashed the machines.
Today, the purpose of AI is not to get a machine to do your job, it's to look good enough to persuade your boss to sack you and split your salary between the boss and the AI company.