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I think that, given the historical evidence (specifically the french revolution being driven by the price of bread), it's more likely that there will be mass unrest and those who own the robots may get executed to cheers of those whose jobs have been automated.

And, again judging by the French revolution (and the Russian, and numerous others), an elite subset of the revolutionaries will seize control of the robots, and the situation will return pretty much to status quo ante, except for the identity of the owner of the boot stomping the average guy in the face, and their philosophical justification for their exalted position.

Yes but, even those who invest in automation need a mass of middle class consumers to buy their products.

Ford famously gave employees relatively high wages and weekends off specifically so they had money and reason (free time) to buy the very products they manufactured.

I'm curious to how relative wealth (in regards to income inequality) impacts ones Standard of Living. After the bare necessities are acquired, is all 'standard of being' relative to how you perceive your place in reality?