In some industries sure, in many others it’s just mindless repetition. The argument is that AI is to free up their time so they can do more important things. Regardless, less demand means less wages across the board. Those that are intelectuales capable of doing more will look to the higher paying jobs once AI automates theirs away.
That those jobs exist and might be automated doesn't negate the existence of all the others. One selfish benefit I see in this will be the hubris of my fellow software developers being taken down a few hundred notches when the market for commodity software development collapses.