I highly disagree. It empowers people to produce things that would've taken entire teams to do before. Is it in its infancy? Yes, but this is the worst it will ever be. It will get exponentially better. As for evidence you can see this small demo:
https://www.youtube.com/watch?v=DLY38_vJ0hc
Now of course, are layoffs coming because of this maybe in 5 years time? I do think so, but all innovation displaces people unfortunately. And none of us are safe from it or is it an excuse to stop moving forward. From personal experience my job has changed quite a lot from automation but I can say we are a more efficient and better work place for it.
But yeah as all tools they can be good or bad depending on how they are used. I feel the two comments below express the biggest sentiments here, of potential upsides and dangers. And as the video states, humans will always be needed, its just that each person will be that much more efficient by using these tools, so if you keep the same team of people they will be able to produce more content, or you can downsize and keep up the current pace. I would hope they'd keep the same teams and just make more, but its up to whoever is in control of the project.
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