Why do careers get wipedout by a newer technology or advancement in civilisation?

Why do careers get wiped out by a newer technology and advancement in civilisation? Is it really to be considered a wipe out or more of a transition? Why does it feel pain to see a career shift or total annihilation of certain workforce especially does at their time being which seem totally untouchable and are considered the pinnacle of a job career one can attain? Lastly if you've experienced such in the past, how does it feel like? Is your experience helping you now that this new career shift is happening with AI?

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