How would it create low-skilled workers? Read non-knowledge workers. It would need robots, which are not only expensive but are material –and we're already using more material resources than we should. Something material can't scale at the same speed as something digital. It is very unlikely that humanoid robots will be cheaper than cheap service labour (there's a reason why they haven't been automated yet, unlike factory work).
Also, being human can be a comparative advantage in itself. There's lots of machines that do coffee, yet there's still a pleasure ...
This is far from being why so many people don't believe in AI superintelligence.
Any financial advisor worth their salt will tell you "past performance does not guarantee future performance". Inductive reasoning is famously not the most robust way of understanding the world. The fact that Moore's law held up does not mean, in any way, that all trends in the world of compute will hold up.
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