“Retraining” is mostly a myth. Former skilled workers just downgrade to service jobs, pushing out younger, less skilled workers in the process.

The NYT touched on this issue in a podcast about NAFTA: https://www.nytimes.com/2024/10/08/podcasts/the-daily/americ.... AI is going to be NAFTA on steroids. Politicians will be able to point to growing top-like GDP to say it was a good thing. But it’s going to brutally hit a lot of people and most of those folks will never regain a secure economic footing.