The pessimistic reading is well-represented, so here's another: AI changes the definition of "entry-level", but it doesn't eliminate the class of professional labor that experienced workers would rather not do.

Until AI can do literally everything we can, that class of work will continue to exist, and it'll continue to be handed to the least experienced workers as a way for them to learn, get oriented, and earn access to more interesting problems and/or higher pay while experienced folks rest on their laurels or push the state of the art.