Speaking as an IT student, a machine still can't "think" abstractly. A machine can only follow 1s and 0s and algorithms. You can make something that resembles abstraction but it's never as good as the real deal or human intellect.

We don't know this. Also being an IT student doesn't increase the credibility of your statement. This is a field of experienced scientists in physics, neurology, computer science, computer engineering...etc.

There is plenty of evidence to suggest a computer doesn't think in 1s and 0s anymore than your brain does. Many sound theories suggest you make decisions based on a bunch of "If this then that" just like computer software. The brain just uses an enormous amount of them and that makes us think that we "think" in a more complicated manner than hardware could. With powerful enough hardware it absolutely can make more complex decisions and it gets better every year. There is no evidence to think that it won't reach the highest echelons of human decision making abilities.

I happen to be in the same camp of thinkers that this article talks about. I don't believe in innovation causing long-term unemployment. That being said, your argument against people in the other camp is weak.