It’s beautiful. You can even give the underclass their own bullshit economy with struggling startups competing for the scraps, sprinkle some targeted influencer ads to give people the illusion of a better future, and they will be perpetually busy fighting windmills. All the while the upperclass can shape the world however they please.
Either AI will capture so much value that there will be permanent underclass (and in this case it's extremely capable and extremely dangerous and should be heavily regulated) or it won't be capable enough to displace people into permanent underclass.
that, they fully intend to 'pace'.