Reasonable minds can disagree because the story is being written as we speak. The absolute and assuredness some people (AI doomers is the term I've used because that is the actual term being used out in society where people touch grass between meetings, not just a word I'm making up to disparage you fine folks here like Brisket), is what I'm pushing back on. I'm not trying to "both sides" this as if it's some moral political argument.
And I do think that despite what you think you know and what your lived experience is, which I'm sure is considerable and meaningful, you are still in the shallow ends of all this stuff just like the rest of us who have our own professional and personal experiences. Nobody knows with any certainity how this is going to play out but my personal opinion is that a good guess is to draw on history which suggests that this at a minimum a) there is no stopping the AI revolution at this point no matter how much handwringing and magna cartas are written by influential people b) there will be technological progress c) wealth creation for the some d) interesting fundamental changes in everyone's personal and professional lives and e) we will adapt and move on without unaliving ourselves as a people group.
There are real challenges and concerns as you mentioned with power generation, natural resources, costs, and yes bubbles, but the tracks are being laid for the next 100 years IMO.
And I've said it before but I think there are literal trillion dollar companies of the next 10 years who are not even incorporated yet today who will take advantage of the opportunities.