The people that lose their jobs don't need to "find replacement income streams", they need to organize in order to establish a society where we all can just work to survive and thrive, instead of enabling the richest to waste the resources of us all and destroy our environment.
So no, sorry, I'm not seeing the "other side" at all here. In my opinion the story you heard is just an attempt to (yet again) redirect the focus to machines "taking people's jobs", in order to distract from the real problem: our organization of society is completely wrong, to the benefit of certain rich people who willingly make others suffer for their gain.
People don't need or want work, they need resources. And we collectively have all the resources we need, it's just a problem of dividing fairly.