Agree. At some point, machines and humans will reach parity on quality of judgement. Beyond that point, in theory we should have remaining some human oligarchs using AI to make money. But then pretty soon there will be machine oligarchs which are using fellow machines (and humans) to create value (which could be fuel for electricity, minerals needed to spawn new bots etc).

It actually becomes a force multiplier for experts in various fields. It might automate away easier tasks. But there situations where it will have to make a judgement between multiple equally valid options. Human input is required in such cases.