The fear about AI in the US is probably that the work AI is assisting with or replacing is not then followed by another industry for effected/replaced humans to step or grow into. Late stage capitalism is simply trying to figure out how not pay Europeans and North Americans middle class wages with this new form of automation. Without the middle class, who is going to buy all the things business are selling? 100,000 wealthy families don't need 200,000,000 shiny new iPhones, 3,000,000 automobiles, or 100,000 flights per day.
Coach and whip makers were replaced by the automobile industry which employs millions of workers through it's massive and complex supply chain. No one was trying to make coaches and whips without humans to increase profit, it was subsumed by an entire other industry.
Weavers were replaced by automated weaving looms that made textiles incredibly affordable to most people spurring growth in upholstery/furniture and clothing. While the goal was to make textiles faster and consequently with fewer humans, it was a permanent boon to business that already used textiles, increasing economic opportunities for average people by providing less expensive goods and lowered the barrier to entry for textile based businesses.