Techies and intellectuals had it disproportionately good. The remaining 80% still needed to do hard jobs at much lower pay. AI will equalize access to knowledge and intellectual work. It will be a better world overall for most. It will be worse for a privileged group.

>>A functioning democratic government would protect those whose livelihoods are at risk, because the instability of mass unemployment is more damaging to society than possibly demotivating a handful of billionaires.

Unemployment is still very low and there are tons of jobs we are not doing right now because of lack of people and capital. Those just won't be cushy high paying desk jobs.