I don't have a for certain answer but:
Everything won't be automated. If it were that would be a good thing. It would mean almost all material wants would be taken care of at little cost. Massive wealth would be created and it would free people up to do creative tasks which AI will not be able to do in anyone here's lifetime.
I strongly suspect "the AI will do everything and make humans obsolete) worries are just like every worry like global warming, the debt, Y2K, killer bees, shark attacks, etc. That said I do think education needs to do a better job of preparing people for skills like coding and problem solving. As far as people on the low end of the IQ spectrum, they have always struggled. I don't see why unnecessary jobs should be saved.
There might be some initial struggle, but I have come to the conclusion (could be wrong) that people won't lead meaningless lives doing drugs and collecting UBI. I think people will adapt because they always have and will need to.
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