I believe the trend of population decline coupled with the wave of retirees when coupled with "AI" will produce a net benefit for everyone.
I believe humans and jobs will be able to accomplish more, with less people and have better margins - and thus be able to be paid much more.
I am an optimist that these trends together, when managed and harnessed well, can make us better paid, less stressed, and with more free time.
Every single other previous advance that could have done that has NOT produced the less stressed part - imagine taking an 1800s subsistence farmer and arming him with modern equipment and tooling; he'd be ecstatic.
The key is always internal, personal, once you right yourself, the world starts feeling much better.