Yes I think it will just be a race to the bottom, however there are several distinct classes of work immune to the concept of AI:

1. Where the market will pay for the privilege or 'quality' of a human (you pay more for a nurse, nanny, server etc., its a status symbol)

2. Where human accountability is required by law, even if that human is just following the recommendations of AI (C-suite, human-in-the-loop safety monitoring)

3. Where personal ownership exists, AI can only serve your small business it cannot own anything