This really wasn't true for earlier developments like Photoshop, though. People assumed that it would remove the need for specialist graphic designers, but in reality it made graphic designers much more productive and drove the average standard of graphic design much higher. The result was that the increase in demand for graphic design matched or even exceeded the increase in supply.
I think this is an optimistic take - one technology can improve productivity and drive an industry, while the next technology can turn that same industry on it's head.
Take for example the traditional 'Travel Agent' job - a role which was initially revolutionised by computing technologies such as SABRE and digital hotel reservations (improving profits and productivity while lowering cost!). Then the next technology came along, and over a period of 20 years was completely absorbed by Booking.com, AirBnB and SkyScanner (who could offer a more convenient service with a tiny fraction of the staff).
Technologies help you become more productive, until they rewrite the market and make you redundant.
The role of 'travel agent' as it existed back in the 1980's is almost entirely obsolete in 2022, replaced by online travel agencies. There were 124,000 'travel agent' jobs in the USA in 2000 which halved to 64,000 by 2012. Now look inside a modern 'travel agency' and you won't find many 'travel agents' - you will find more programmers, finance teams, customer service clerks... Travel agencies no longer have many travel agents.
The role of 'bank assistant' as it existed back in the 1980's is going obsolete, replaced by ATM's and online banking. Although the concept of 'banking assistance' still exists online, it's mostly self-service and developing this is hardly the same role. Banking assistance no longer requires banking assistants.
The role of 'photographer' as it exists in the 2022's may be almost entirely obsolete in 2050, replaced by ???. Will 'professional-level' photography still need photographers?
