This is far different this time. Human beings have a limited cognitive capacity. As AI increases cognitive capacity exponentially, the space between the two will shrink. This was not the case with the industrial revolution or the internet. This is something completely different.
I actually am optimistic, but not because we will continue to create new jobs that did not exist before. That will begin to cease. We are going to have to question and rethink our most basic assumptions about how we live and exist in the world.
Our present institutions and governance/economic structures are not equipped to do that. They will have to evolve.