The issue with devaluation of human work is that the automation doesn't have to be real. All you have to do is make nearly all employers agree that a particular job can pay less.

And that's the case today - new AI being a sufficient programmer replacement is enough of a statement to do layoffs with record profits without impact on stock prices.

I'm not sure what happens (I think no one does), but with every other technology, I can opt-out if I don't want to use it.

Even if I get unemployed, I don't see how I can opt-out when it comes to everyone everywhere using it.

Governments historically have considered humans as assets - it's even called "human capital", and they require us for tax revenue and to run the state. What happens when we aren't needed? Even if the AI is magically aligned to the state, I don't see how I end up the winning side of that. It's not like we're getting a voice in how this is shoved down our throats today. Why would it get any better when AGI can do everything humans can do? What still gives us a voice in the world?