That’s actually an economic fallacy. It’s called the “Luddite fallacy” after the people who resisted the Industrial Revolution. Disruptive technologies do obviously create winners and losers and the adjustments can be painful and, if painful enough, cause political instability. But people eventually find new and more productive (often thanks to new technology) jobs and society as a whole almost always ends up better off.

Not to minimize the pain of the adjustments. If I lose my career because of some new technology, I’m gonna be pissed. But it’s happened throughout human history and we haven’t run out of jobs to do yet.