Their quality of life will increase because of all the cheap stuff we can make with ai and robots. They will coexist and compete with robots. Upward mobility should be better, given the access to advanced technology.
Worst case scenario, they can all band together outside of the advanced civilisation, grow their food and live a separate life.
There is no need to make high iq people to pay for low iq to live in a high iq society.
We're already seeing a divide of cities for rich people and cities for poor people. It will just be more pronounced.