I really think you're wrong. Thats a short sighted view.

There are obviously infinite applications for AI in business. Its not a fad that will just go away, it will be incorporated more and more into daily tasks to lower the bottom line. Its not even that AI would instantly replace human work, but over time it can take over a lot of the workload. And yeah eventually it will become difficult for humans to compete.

Just as a thought experiment, what do you think the world will look like in 20 years, or 100 years?