With GPS we have seen people confidently drive past road closed signs and around barriers off bridges.
With self-driving technology, we have seen them defeat safe guards so they can sit in the back while the car accelerates up to 70 in a subdivision.
I do not think the executive class is actually in on the power of AI to increase productivity, but rather to increase reliance.
So I'm not completely disagreeing with you, but I also am not too pessimistic, either. We will adapt, and benefit through the adoption of AI, even though some things will probably be lost, too.
“What doesn’t kill you, makes you stronger”. We will adapt and benefit, or we will not — time will tell.
I actually think that will be the case. We're designing society for the technology, not the technology for the people in it. The human brain wasn't built to fit whatever gap is left by AI, regardless of how many words the technologists spew to claim otherwise.
For instance: AI already is undermining education by enabling mental laziness students (why learn the material when ChatGPT can do your homework for you). It seems the current argument is that AI will replace entry-level roles but leave space for experienced and skilled people (but block the path to get there). Some of the things LLMs do a mediocre but often acceptable job at are the things one needs to do to build and hone higher-level skills.