Sounds great to me. That’s how the market works. If a cheaper means of production exists, the industry should utilize it. While I think unlikely right now for it to vanish, it should definitely not be propped up.
Agreed, however, in practice I’ve found that companies replacing humans with AI is usually a disaster, and the only reason they get away with it is because they have some sort of near-monopoly. When’s the last time you got an automated customer support menu on a phone and thought “wow, I’m sure happy they figured out a cheaper means of production here”