Unfortunately, this is the wrong conclusion -- the jobs of the elite are precisely those that don't get replaced by technology. Automation only affects those jobs are systematic and repeatable.
The elite typically hold jobs in consulting, finance, management, government, etc. that require a lot of word-smithing and people skills.
The big blind spot for technologists is thinking that technology is central to everything. It is not. If you look at how society is organized, it's the folks with the people skills who are on top. People who are good with technology work for them.
Anyone notice that some the most "elite" schools are total no-shows in AI research?