No, it means unemployment for a portion of the workers, shifted jobs for some workers and more responsibilities for the rest who get to keep their jobs. And it also means more profits for CEO pay and shareholders, and no net benefits to end consumers.

This is either disingenuous or ignorant of reality.

Yes. Your Econ 101 class may have taught you jobs will shift. Econ 101 does not give you the case study of a 45 year old worker who finds themselves having to restart their career.

So yes, across many years a shift in employment happens.

To the guy who lost his job and now has to figure out what to do, he risks being unable to find a career anywhere near where he was at.

Ideally we would have retraining programs that would meaningfully train and place people into new jobs, but efforts are largely performative.