Joseph Schumpeter call the disruption of the ongoing Industrial Revolution "creative destruction." The problem, as always, is how to maintain the good while minimizing the bad.
Things won't be bad for the smart. They'll be the ones who have the autonomy and mastery and meaning to achieve the excellence that leads to eudaimonia.
Those who IQs are less than 100 are screwed Big Time. They'll get welfare and bread and circuses - and envy and crime that leads to attacking the smart. Who will withdraw into their armed compounds (even if they're called neighborhoods).
If things continue as they are, it might be those whose IQs are less than 120 will be the ones without jobs. After all, that catastrophe known as Barry Soetero has an IQ of only 115. If he wasn't a destructive parasite politician what job would he be qualified for?
What is this - the Morlocks and the Eloi?