The consequence of almost all software the loss of jobs. I've personally been responsible for many many jobs disappearing with the software I've written. AI is just another form of software and if it is at all useful, and I believe that it is, then it will eliminate jobs. That should not be particularly surprising -- computers have already eliminated entire categories of jobs.

I think the subtle point is that not all humans will replaced -- it's just that a human and AI will be able to do the work of a few humans. Same work, less people.