Even though the standard of living is raised for all humans, it seems like advances in AI and automation will drastically reduce the percentage of productive me

Even though the standard of living is raised for all humans, it seems like advances in AI and automation will drastically reduce the percentage of productive members of society, in spite of educational opportunity. Improving educational opportunities (a la Udacity) is a noble idea because it levels the playing field a bit (giving the underprivileged a chance), but the end result is the same - a small number of people will inevitably own AI, and the world by extension. Assuming that the new AI titans are compelled to share their wealth with humanity, wouldn't less productive members of society still face existential threat? Improved standard of living only takes care of the first 2-3 layers of Maslow's Hierarchy of needs - but "esteem" and "self-actualization" are really important as well.