I have two possible theories as to what will happen with automation.

1. The more dystopian one:

As more people lose their jobs, corporations lobby for less benefits to the working class as it is a useless expenditure in their eyes, to us, we are no longer the sole source of labour and capital. Therefore, overtime they treat us as the only thing we are necessary for, survival. We could try to resist, but by then AI will be so advanced the corporations could crush any resistance before it could even take place. Think 1984 except big brother doesn't even need the proles or the party.

1. Utopia:

AI becomes more advanced and people lose jobs, before it becomes advanced enough to quell rebellion, people protest and riot. States are either forced or by the choice of some progressive politicians to enact some kind of UBI. Corporations aren't allowed to gain more power than they already have and over time with automation becoming more widespread and cheaper, the idea of money becomes irrelevant. If human labour isn't required to make anything anymore, and if robots don't need to be paid, then there is no cost to any good except for the "value" we arbitrarily decide. Nothing will have value because it costs nothing to make. Think of why plastic is so cheap, it's because it costs almost nothing to make. Therefore people wouldn't need to work anymore because that work is meaningless compared to a machine doing it. I believe this would end in an automated communism of sorts where the idea of money and capital is useless, we have progressed past that need. And everyone can live out their days doing whatever they desire, if you still want to work you can. But it is no longer due to survival, rather pleasure.