Understatement. (And also, they weren't really ready for the previous waves either)
The upside is we exist as both producers and consumers - and while our value is about to go down (or be voided entirely), so is the price of all the things we want/need. Can't afford a house because the Atlas robot outperformed you at construction? Well, get a few buddies to pool funds to buy an Atlas robot yourselves and get it to build your houses. The barrier of entry is similarly dropping fast. It's gonna be a weird, sad and awkward short-to-medium term as the fluctuation of which drops first - employment or consumer prices - plays out, especially if government doesn't step in to protect people. But long-term I think it's hard to argue that there's not going to be an enormous increase in overall quality of life. (barring some sort of annihilation event...)