If history is any indication not really. There's an obvious dialectical nature to this where technological advance initially delivers returns to its benefactors, but then they usually end up being swallowed by their own creation. The industrial revolution didn't devalue labor, it empowered labor to act collectively for the first time, laying the groundwork for what ultimately replaced the pre-industrial powers that were.
If history is any indication not really. There's an obvious dialectical nature to this where technological advance initially delivers returns to its benefactors, but then they usually end up being swallowed by their own creation. The industrial revolution didn't devalue labor, it empowered labor to act collectively for the first time, laying the groundwork for what ultimately replaced the pre-industrial powers that were.