Comment by RivieraKid

If you really simplify how this works:

Owners of capital use the capital in combination with workers to produces goods and services. They give half of the production to the workers and keep the other half.

If AI replaces workers, the owners of capital will simply keep all of the production to themselves. So they would be better off. If I have a construction company, I could just lay off the workers and distribute the surplus houses to myself and other owners.

There are nuances to this of course, but this is a point that most people miss.