Job loss due to AI -- How bad is it going to be?

Displaced workers transition to new jobs, some of which are created by automation. The government helps to facilitate this transition via investments in training and education. Increased productivity raises incomes, lowers work hours (average work time in the U.S. has fallen more than 50% since the early 1900s5), and lowers prices, creating more demand for goods and services, leading to more jobs and broader economic growth. How well do we expect this pattern to hold with AI-enabled automation in the near future, and will they replace jobs faster than they create them?