It's okay to not think every technology under the sun is a good thing. You don't have to have heart-eyes emojis for the immiseration machine.
I believe AGI can help small businesses have higher margins for the same service level - but lower cost.
Once more for emphasis: you do not have to cheer on the immiseration machine.
Have you ever run a business that employed other people and relied on operational income rather than venture capital to function?
Because this "obvious play" is a screaming red flag for misunderstanding the fundamentals of how business works when money isn't free and speculative.
You can't be too reactive with talent. If you hired 10 people, you should be figuring out how to make that talent pool as happy and productive as possible, not firing them out of fear at the earliest opportunity.
It is, however, a really convenient excuse for people who don't regularly think about how people who don't work "above the API" actually exist in the world.