And so we'll have a whole host of poor, or truly poor, people. But that's how cycles work.

I do think people will find a way to adapt and some relief from the system be provided for those willing to change with the times. Much like how making virtuous marble statues from renaissance period flourished because artists were well compensated for their trouble, so does we find people willing to learn new crafts to suit the times, as long as there is demand to fill in the gaps AI can't.