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Nicoya Tesla believed that automation would lead to an intellectual revolution because more people would be free to pursue intellectual pursuits.
Doesn't sound very realistic now though
Just like from 1900 to 2000, technology has done great things to make life far easier in a lot of ways and we've found new things to do with our work. I think with those job loses, they also aren't factoring in what new industries/jobs might arise. Though I still agree it will be a net loss in the longrun, the only concern with that is governments understanding an efficient way to help those least useful to the labor market while still allowing industries to have incentive to progress. There are challenges but this is a very good problem to have... more free time.