I think you're missing the spectrum between no jobs being lost and all jobs being lost. I think your first points are correct, but to me that points to some job losses as the good lawyers/doctors/SWEs get more efficient and better, and the lower tier aren't needed anymore and/or aren't worth the salary to employers.
Frankly "some jobs lost" is the worst possible outcome. This is the nightmare scenario for me
If all jobs are lost then our society becomes fundamentally broken and we need to figure out how to elevate the lives of everyone very quickly before it turns into riots and chaos. The thing is that it will be a very clear signal that something has to change, so change is more likely
If no jobs are lost we continue the status quo which is not perfect but is at least relatively sane and tolerable for now and hopefully we can keep working on fixing some of our underlying problems
If some jobs are lost but not all, then we see a further widening of the wealth gap but it is just another muddy signal of a problem that will not be dealt with. This is the "boiling the frog" outcome and I don't want to see what happens when we reach the end of that track.
Unfortunately that seems like the most likely outcome because boiling the frog is the path we've been on for a long time now.
