There’s nothing funny about it, and looms replaced ONE job (at most a small handful) not dozens of job functions that employed a gigantic chunk of workers, many of whom have absolutely no other way to make a living. It is already becoming commonplace for a bottom-rung retail job to have 20-50 applicants as it is. Imagine the backlash when that situation becomes ten times worse due to mass robotization.
By your reasoning, Caterpillar Tractor should only make shovels because they displace ditch diggers with their equipment. Actually, think of how many more they could employ if it was mandated they use spoons instead of shovels? Less than 2% of the US populace work in agriculture today, down from 70% in the late 1800s; perhaps farm tractors should go?