Both are true, but this time the scale and speed is the difference. Even in software which is considered a safe job, I am much more productive today than just a few years ago because of better tools, third party services, libraries etc. We are able to do a lot more with a lot less with every passing year.
This time it is different and it is not going to be pretty, unless we take a step back and look at ideas like Universal Basic Income etc.
One other mindset that is quite difficult to change (at least in the U.S) is tying a person's self-worth to the amount of hard work they put in.