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Unfortunately, these CEOs are relying on "industryfluencers" like a former governor and commerce secretary to tell them what's what. The FOMO is real, so if you say "you may be able to save 75% in labor costs over time but you gotta approach it slowly", they stopped listening at costs.
If there's a hard time we'll get through it, but over my dead body that my competitor is going to produce with 1/3rd my overhead; that will kill my business.
Race to the bottom?
This is just tech illiterate c-suites who use chatgpt on their couch thinking its drag and drop.
Reality is eventually going to set in....
Certainly things like call centers may get hit but I think across all industries unemployment is going to be single digit percentage points.