Everything is awful for almost everyone. I expect even the ultra wealthy will find their lives significantly less pleasant than they were before.
I hope that doesn't happen. That's why I don't write much about "AGI" - I'm unexcited about the concept, at least until someone can convincingly explain how the economy doesn't collapse for regular humans as a result.
I maintain my joy partly by not believing the AGI hype. I refer to that as the science fiction version of AI. I don't think that's what we have today.
We're three years into the ChatGPT revolution now and so far the main observable impact on the craft that I care about is that I can build more ambitious things.