It is largely a desire for a control mechanism where the sheep are inherently dependent on the mechanism to eat.
The retired pensioners and independently wealthy are both largely willing to sustain the status quo without substantial, rapid change.
The scary thing to people at the top of the ladder is what happens when it isn't just those two segments of the population? What happens when you have millions of rebellious young people completely free of the 9-5 to grind to survive?
They don't know if the answer supports the status quo and to them its a scary unknown.