There's a Good Chance Your Kid Uses AI to Cheat

A minority will be diligent and actually learn their subject deeply rather than learn to massage AI output, and they'll have an advantage. That part isn't terribly different from where we're at now. But it is a change and it's not a win for society if the mediocre majority GPTs their way through school. Even if relative to each other they're just as well off as they were back when they had no choice but to put their own effort into learning.

It is already a problem that schooling doesn't teach critical thinking.

AI will also rob students of analysis, synthesis, deduction, and induction.

And AI is not going to work so well when you are at a company that is doing anything new. There's no training data for a new type of product, technique, industry, etc. Maybe companies will be forced to add all their internal/proprietary data to the training sets just so that their workers and rely on AI to come up with the proposals that leadership uses AI to summarize.

There are still countries in europe and asia which gate acceptance to (good) schools based on academic performance and tests where AI tools are not available. Those countries will have advantages in research and development in academia and industry (compounded by the US mass cancelling research funding).