The problem with this line of thinking is that the cost of the transition is pushed onto the employee. Automation is a huge gain for the company while the employees whose work got automated need to pick up new skills themselves on their own time and cost. No one in their right mind wants to spend their senior years getting retrained and then having to compete with new grads. Ask yourself - would your boss be willing to hire a 60 year old programmer that spend most of his life doing something completely unrelated?

Problem with that line of thinking is that it doesn't seem to lead to anywhere. Or am I missing something?

I'm okay with the singularity as well, though I gotta admit I have some reservations about it. Like, what if I get sacked because AI is taking over? Yes, they said AI could boost employment and will create new jobs but what if it doesn't? It will create unemployment problems for sure and when it does, other problems might follow.