So far advances like these have, historically, improved our life in terms of poverty, living conditions, schooling, and healthcare.
300 years ago, in Europe, most of the population lived as peasantry because somebody had to cultivate the farms. 2000 years ago in some place slaves made up 60% of the population.
Thinking that with AI only one dimension of our lives will change seems highly improbable to me. The printing press took way jobs from the scribes, but the revolution that book printing brought is one of the reason most people have electricity and tap water in their homes now.
So I'm more optimistic, I see AI being democratized and improving life overal in ways we can't imagine. There will be down-sides that we also can't imagine but there are a lot of down sides to how we live today.