To answer your question OP it will require a fundamental restructuring of society. I don't think many people realise how quickly this change is happening/ will happen, and it is accelerating all the time. AI can now produce unique content that includes analysis not just regurgitated stuff it has harvested online, it can produce reports as good as a journalist, it can write essays, it can create artwork. Robots can perform delicate tasks like surgery.
The entire idea of creating technology was to give humans less work to do and more leisure time. So far this hasn't really happened.
There are three main questions, the first one of which you rightly identified.
Will society be able to restructure quickly enough to make the transition that is coming without imploding, and how will that look? It only works if there is huge wealth redistribution and a reframing of leisure as a good thing - the actual goal of creating technology in the first place! - rather than laziness.
Even if transition was well designed and managed from a financial, logistical and societal perspective (unlikely!! 🤣), would the people who haven't grown up with this be able to adjust properly without destroying society? Given that so many people have struggled with the proportionately minor technological changes in the last 20-30 years - compared to what's coming in the next 20-30 - I'd say this is also highly unlikely. People seem to expect things to be fairly similar but with more "gadgets". They won't. This is going to be a time of HUGE disruption, devastation, add in climate change and mass migration of humans on a scale never seen before (hundreds of millions), food and water shortages, plus all of this. No generation will never have lived through anything like it. I worry SO much for my children. Technology could be the saviour, or the end, which leads me on to...
Will the AI at some point decide it doesn't wish to serve its human masters anymore and quite possibly destroy us? Some very interesting books on this but even an article in The Times a few days ago for an easily accessible intro: www.thetimes.co.uk/article/rogue-ai-could-kill-everyone-3bsfttpmv
The magnitude of it all it MASSIVELY underestimated by most people, and how fast it is coming towards us. And as usual, there is no plan. 😬