The oligarchs are in a bit of a bind. They depend on the masses for labor. However, they also depend on the masses to consume what they make. So, impoverish the masses = no more profits for their companies.

Even companies that don't sell directly to the general public are still feeding their products to manufacturers and service provider that do.

I imagine that they will be short sighted and automate assuming the business down the street will provide the jobs, while the business down the street is believing the same thing about them. Circular firing squad.

Consumption by ordinary people is 70% of American GDP. Other that UBI or some new job category that I can't imagine what it would be capitalism will be in real trouble.