I would agree that it still does, but much less often than it did in the past. Compare what it produces today vs what it produced one year ago and the improvement is staggering.
(I'm talking across the whole LLM spectrum here, not really Opus in particular).
And AI doesn't have to replace literally 100% of the workforce to have a catastrophic economic impact.
If AI takes 50% of the jobs instead of 100% the economic destruction is roughly the same in the sense that you will already hit calamitous society-level tipping points long before you replace literally everyone.
For context the Great Depression was "only" 25% unemployment.
All it takes is a few "too big to fail" to prop up those huge companies while huge portions of the population go bankrupt to cause problems.
It still requires a lot of work and care to leverage correctly and it's a moving target.
But it's quite impressive