This is a very short-sighted, and exceedingly common, take.
Until the machines aren't owned by anyone (or owned by everyone, take your pick on the phrasing), the owners of the machine have no need to keep you alive.
This take is basically "Don't worry, people like Sam Altman are looking out for us"...
It's quite a good metaphor. What used to happen to an old horse? How many horses do you see now that the world has moved to tractors[0]?
I can't wait to be kept in agistment by my overlords, fed on treacle and oats, ridden in circles once a fortnight, and shot when I break a leg.
[0] https://www.researchgate.net/figure/United-States-Farm-based...
Sure. But either way we aren’t going to have to worry about it. We’ll have post scarcity utopia, or we’ll have died. But there is an argument that the billionaire need to pay attention to: an ASI that kills 7 billion people won’t mind killing a few more.
>owners of the machine have no need to keep you alive
And what reason do they have for killing everyone else? Where is this abject nonsense even coming from? You can't just assert that the "owners of the machine" are all cartoonishly evil for some unknown reason.
All else being equal, at least Sam Altman et al. aren't constantly making up fantasies about exterminating people.
But this assumes the ultimate "want" is "stuff" like houses, cars etc. But that's all just a means to an end or at least secondary to the real want, which is sex. For now at least, that requires people.
Disparity in ownership of machines is not the main factor that is driving the need for work. It is the un-ending desire (or selling pressure) to have things that require money to buy. Most people work to be able to pay their loans and have things that are perceived to be common needs in their geography and culture.
These "needs" are sometimes enforced by the systems and government so that people don't stay away from the work and "economy" keeps churning. The housing prices could be a way to keep the people working for loan payments.
Instant foods, nursing homes for elderly, creches, roads, commuter trains - are all ways to have more workers and make them focused on work.