Here is the problem with your argument: our planet is finite, and growth will eventually plateau. It cannot go on forever.
Automation does remove jobs, but so far it's done so on a small scale compared to what AI will do. On the other hand, AI will remove jobs on a large scale on an order of MAGNITUDE more than other automations.
The argument of drawing an analogy with the loom is weak. As technology progresses, the power of it in its scope increases, and computer technology is much more wide-reaching than the loom. Unfortunately, analogy only goes so far.
At some point, there may indeed be more jobs. But even then, they will be (to the human mind) quite meaningless, such as the maintenance of AI machines and of such speciality that people will lose all hope in life by doing them.
Automation does remove jobs, but so far it's done so on a small scale compared to what AI will do. On the other hand, AI will remove jobs on a large scale on an order of MAGNITUDE more than other automations.
The argument of drawing an analogy with the loom is weak. As technology progresses, the power of it in its scope increases, and computer technology is much more wide-reaching than the loom. Unfortunately, analogy only goes so far.
At some point, there may indeed be more jobs. But even then, they will be (to the human mind) quite meaningless, such as the maintenance of AI machines and of such speciality that people will lose all hope in life by doing them.