There will indeed be job losses due to new technology but there will be new jobs too. Similar to the advent of computers and internet, there were job losses due to efficiency gains but there were jobs created too like IT developers, programming and even youtubers and influencers. Imo, the rise of AI will be no different from previous effect of tech on jobs.
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You are presuming it is an equal replacement. The labor force participation rate in the United States doesnt reflect that.
It's not equal replacement and there may job losses for the short term. But new tech will not necessarily mean a loss of jobs for the long term or else we should have seen a drastic increase in unemployment throughout history when there were new techs replacing jobs.