I think this is factually incorrect. Women used to spend the majority of their free time spinning thread and sewing clothes
for their family. The average person owned three outfits total, and wore basically one outfit every single day.
The industrial revolution dramatically increased both production and consumption. We now own different outfits for every day, dozens of special occasion fashions which must be regularly replaced and updated, etc. Total production, and total wages paid by the industry has dramatically improved.
A shirt a couple hundred years ago would cost $4,500 at minimum wage to produce. But no one paid the equivalent of $4,500 for a shirt. What actually happened is a lot of the work was virtually or actually completely unpaid.
The machines drove a vast increase in productivity and GDP and provide a standard of living today which 200 years ago would have been bad science fiction. The machines drove down cost of production dramatically, increasing consumption and increasing overall employment and wages.
People didn't destroy the machines because they caused poverty, they destroyed them out of fear.
Your analogy with horses is deeply flawed. Horse used declined just like spinning wheel use declined - because they were obsolete.
The latest round of automation does not by any stretch of the imagination make humans obsolete. It will actually make humans more productive and actually more valuable.
As Steve Jobs said, computers are a bicycle for the mind. AI is a motorcycle. Get on, go faster, reach higher, achieve more, live better.