This has been going on for a long time. We used to spend 30% of our people on growing food. Now we spend 3%, because we have combines instead of a bunch of field workers. A bunch of people could do something else - something more productive than field work. As a result, our society got richer, because of what those other people could do now that they weren't having to work in the fields.
What could you do if you didn't have to waste time, say, chasing memory leaks or core dumps or whatever? Could you do something a level up from what you're currently doing?
So for society as a whole, the impact is that we get richer. We can produce the same stuff with less human effort, so we can put more people onto inventing and building new things.
But for individuals, there's going to be a divide. Can you level up, or not? For those who can't or won't, they're going to be left behind, the way someone was left behind who is still trying to farm 40 acres with a horse-drawn plow. They can survive that way, but they're not going to prosper in the way that the surrounding society prospers.
I say that without any judgment on either the skills or the effort of those left behind. I am just saying that there will be people in that category. Society has to figure out how to minimize how many people are in that category. And for those in that category, society has to figure out what to do with them that preserves their human dignity and value, while not letting them impede progress.