The rising level of automation is leading to an increase in the number of people who simply cannot find work. This is also due to the increasing age of the population, as older workers are often no longer desired by companies. This is resulting in a growing number of people with very little or no means of subsistence.
Poverty is a breeding ground for radicalism. And radicalism is dangerous for the whole society. If the rich and super-rich do not wake up to this, we could face very unpleasant consequences, in the form of various revolutions. And surely no one wants that.
It's already happening.