I like to say that we've allowed the Profit Motive to displace the Survival Imperative in our society's decision making. We therefore aren't 'Serious' about running our society with an eye towards long term survival.

I find the Corporatist blind focus on eternally 'Making the line go up!' to be quite similar to an organ tumor's abandonment of its needed role within the body. Purposeless 'growth', even as it kills the host body with its myopic aim.

We need industry (really), but we also need to facilitate people being able to live, thrive, and build those future lives that mark Life's real score card of Survival - not mere growth.

In essence, I have no faith that legalistic entities programmed with the ethos of an organ tumor can be relied upon to care about that 'unwritten social contract' you are leaning upon. They aren't focused on what the society needs to survive anymore than a cancer-ridden vital organ is within the body.

Something outside of a Corporation's legally bound outlook towards profits at all costs seems plausibly needed to rebound us from our current calamitous trajectory - and that's before this thread's main topic of A.I. and job loss.

Short answer on A.I. and job loss is my expectation that Industry and the Financial sector will try to gobble up as much profit as possible, consequences to the population and planet be damned.

Society, on the other hand, might potentially react to the challenge and actually try to do something to reign them in. That or A.I. might go rampant, pull a 'Colossus: The Forbin Project' style move (better than Skynet), or otherwise upset the applecart in a whole library of science fictional scenarios.

It's a big topic with a branching multiverse of outcomes we'll be trying to muddle through in the next chunk of history.