The OP is likely referring to the technology's ability to replace certain workers, which naturally leaves them poorer. The net effect is one of increased wealth inequality, the minting of new AI entrepreneurs notwithstanding. Is the data on this out yet?
TBF the worst outcome is famine and mass death of humans which... was somewhat the standard historically (low populations / intermittent famine). I have as much existential dread as you but that's also because I overvalue human life relative to what nature has historically thought about us.
Isn't the jury still out on that statement? Pretty sure we've been experiencing the long-tail cultural decomposition caused by the effects the industrial revolution brought with it with the exception of a 20 year opportunity to change our trajectory as a species. I think getting out of this conundrum alive will require de-segmenting our cultural narrative around how we got here.