This discussion for agi comes up again and again but I see no discussion on when will AI be good enough to absorb most jobs? That could create societal failings

This discussion for agi comes up again and again but I see no discussion on when will AI be good enough to absorb most jobs? That could create societal failings thus hurting even the same institutions that are developing it. So I say it might be never, not due to technical reasons but because of failing institutions