I'm not being dismissive or trying to minimize anything, I promise. But most people aren't 'losing their jobs to AI' in the short-term as much as you might think. The layoffs have not been due to AI "taking jobs," but due to companies overhiring during the pandemic and finally having an excuse to lay people off, imho.

There is plenty of time to 'retrain.' You could even do it while you currently have a role. Some people won't be able to; I respect that, and those people will still find jobs.

This is certainly not the first 'period of layoffs' to ever occur, and I am not implying people won't face hard times. They may! But that also won't last forever, and when people get laid off they receive unemployment, which helps in the 'not defaulting on your mortgage' thing. Somehow, people (on average) seem to manage not losing their home every time they get laid off.

The idea that our unemployment rate is about to reach 25-50% in the next 3 years is absurd, imho. (I know you didn't say that, and I'm not trying to construct a strawman. I'm just applying numbers to it because 'very real near-term' is not the phrase I'd use for something that is, in my estimation, still half a decade or more away.)