I'd expect it to be more dramatic. The worst predictions are something like "50% of all jobs will be completely eliminated in two years." That's violent uprising territory, not pressure on governments to improve regulation.
If "50% of all jobs will be completely eliminated in two years" comes to pass, then there will be a violent contraction, perhaps even a total collapse, of all advanced economies. In this eventuality, the venture capitalists who funded the rise of AI will lose their money.
If a large percentage of jobs have not been eliminated in two years' time, it will be because AI has largely failed to deliver on its boosters' predictions. In this eventuality, the venture capitalists who funded the rise of AI will lose their money.
The desirable end game is somewhere there in "a large percentage" - e.g. if they can realiably automate 5% of jobs each year, theirs is the Earth and everything that's in it.
Yes but we’ve been hearing this for two years now and it’s not happening.
Even the silly AI2027 project was predicting society destroying levels of AI arriving next year and that has aged poorly.