It’s better to not think of AGI as a thing or a single moment but as a process that unfolds over time and has been unfolding for the last hundred years or more.

With automation comes job loss. Job loss frees up labor for new industries to form. New jobs are added. That takes an entire generation because in between job loss and industry creation is despair. We don’t need AI for that. We experienced this with globalization. Entire industries were moved over seas.

It doesn’t matter if the job loss is due to AI doing the job or cheap overseas labor. The result is the same. Globalization caused entire communities to collapse which then lead to drug use and the opioid epidemic. It also lead to the billionaire class.

So to answer your question, automation will only produce more of the above. More job loss, more drug use, more overdose death, more crime and the destruction of communities, more rich billionaires.

We may see population decline as less people are needed due to automation. While tragic for those families the long term looks much brighter in my opinion. Jobs will not go away but we will have to adjust as a species. Industries will be destroyed and new industries will be created. It’s hard to predict what industries will be made but for those individuals that live in that time the quality of work should be better. Compare a knowledge worker today to a factory worker. The work environment is much better.

In 100 years when we pass through this hard time I see a better life for most people on earth. Less people on earth. Better lives. Better jobs. Better living conditions.

And the trillionare class lol