The attractive people who are out of work will end up in the sex industry. The rest will go to protection zones, ghettos, and will be sterilized to prevent reproduction, and possibly starved depending on how things go.
Society is not shock resistant and needs time to grow into things. Look at oligarchies and tell me socialism, capitalism, and communism are really any different beyond the rhetoric.
How many dev shops said they are agile when they were clearly waterfall?
No matter what you call it the ruling class will always call the tune and the poor and middle class will dance.