People are willingly blind.
Kids are happy that homework takes less time. Teachers are happy that grading the generated homework takes less time. Programmers are happy they can write the same amount of code in less time. Graphic designers are happy they can get an SVG from a vague description immediately. Writers are happy they can generate filler from a few bullet points quickly.
But then someone comes along, notices people are not working most of the time, fires three quarters of them and demands 4x increased output from the rest. And they can do it because the "AI" is helping them.
Except they don't get paid any more. The company makes the same amount of money for less cost.
So where does the difference go? To the already rich who own the company and the product.
In a competitive marketplace the difference actually tends to become consumer surplus, in the form of reduced prices.
...the whole innovation enabling IT is based on a massive fraud or gaslight if you want - first having everyone to let go of their content (and un-own it blindly), then using it alongside everyone else's knowledge without consent to create a compressed blob of things which are then resold again.