No, it's been the catch all phrase used by people trying to avoid the inevitability of a fully automated economy that we need to begin preparing solutions for. It's likely 100 years off but it'll be a slow trickle of robotics and niche AI models slowly reducing the work that can be done by humans.

Yeah sure in the first fifty years a lot of jobs will be created for maintenance and repair of these machines and their VI's, but eventually troubleshooting and maintenance can be done by machines as well.

Then what? What do we do when the population is in the billions and workable jobs are in the hundreds of thousands? Capitalism doesn't have a solution for that, only a UBI of some kind will suffice.

Either that or most will starve while four or five families own trillions of dollars of economic production.