I would guess that we will be in this phase for awhile. HN seeing just how much AI can do and possibly seeing fewer jobs for developers. The Economist seeing flat productivity and employment numbers, adjusting for other factors. My educated guesses:

1) There will always be productive ways to use human labor so we aren't on the precipice of mass unemployment.

2) Individual lives are getting disrupted and will continue to get disrupted. It is sometimes difficult to tell what was actually caused by AI and what was caused by macroeconomic factors, the latest trend in Silicon Valley, etc. But there have already been many lives disrupted by the emergence of AI.

3) A lot depends on how AI develops and, frankly, none of us know the answer to that.