This has always been the thing of science fiction (Star Trek universe being a great example). There's this idea that humanity will automate and invent so much technology that nobody has any work left to do.
In realty? Nobody on the planet has ever reached this point before in history, to prove it really happens.
All I *do* know is that in my own life experience, EVERY time I use a new tool or gadget that promises to save me time and make my life easier? Whatever time it saves is immediately claimed someplace else. In many instances, the claimed labor and time savings turns out to be artificial. (EG. I've owned several Roomba type robot vacuums. Even though each one I tried was an improvement over the old one? None have ever truly eliminated the time and labor I would have spent vacuuming by hand otherwise. What inevitably happens is they don't get certain areas clean enough, so I have to go back and deal with those myself. Then, they need maintenance and cleaning themselves, which requires a lot of time taking them apart and getting lint and hair unwound from places it wasn't supposed to be. Next, something wears out or breaks, costing me more money AND time to repair it or replace the worn part.)
I think all we might really see is some temporary pain around unemployment as we collectively re-think what kind of labor/work we still want to pay people to do.
AI clearly can't do ANYTHING physical, so that severely limits what jobs it can take from humans. Robotics can do physical tasks but we're still FAR from it handling random tasks that humans do easily. Our robots tend to be purpose-built. One may be able to scan inventory on store shelves, but it can't go clean up a spill in an aisle. Another may claim to do security duty but probably has to call in to humans if anything bad happens to it.