I think we're on the cusp of an intelligence explosion, but most jobs have no real purpose besides giving us sometime to do and a paycheck. Automating those jobs and making them 10x faster won't really help anyone. Read Bullshit Jobs by Graeber.

FWIW, why I'm rooting hard for AGI: -In the best case, AGI will lead to UBI, so unemployment for all becomes the default scenario. Sounds scary but unemployment is better than many soul-sucking occupations, e.g. cold-calling. -If AGI does result in a productivity boom due to automation, we're in for a deflationary spiral, so we don't need a huge amount of money for a decent standard of living.

It does lead to the question of how we'll find meaning in our lives, but I think we'll adapt in a few years.