I dunno, I might be getting old, but I think the idea that people absolutely need a job to stay sane betrays lack of imagination. Of course getting paid just enough for survival is pretty depressing, but if I can have healthy food, a spacious place to live, ability to travel and all the free time I can have, I'd be absolutely happy without a job. Maybe I'd be even writing code, just not commercially useful one.

I don't think this is the scenario most people are worried about. Having basic needs met while also having a lot of freedom and time probably sounds great to the majority of people. But there's roughly 0% chance we end up in that kind of world if current AI leads to massive job elimination.

Just look at who is building, funding, and promoting these models! I can't think of a group of people less interested in helping millions of plebs lead higher quality lives if it costs them a penny to do it.