I say it's simplistic because it's most likely based on 20th century or early 21st century leftist literature. In my opinion you're lacking in understanding modern technologies and the potential that has. You are still thinking about the bosses vs workers narratives. In the future we won't need bosses nor workers. We are gonna have general purpose artificial intelligence that is gonna be able to displace white collar workers too (instead of only blue collar workers that can be displaced by robotics).
The steepest part of the S curve is still ahead of us. That's the nature of exponential growth. First little by little, and then all at once.
I bet you didn't know the following: If you take a normal A4 piece of paper that is thick 0.1mm, and you were able to fold it 50 times, the thickness of that paper would be from here to the sun. You can do the math. Human brains just isn't capable of understanding such exponential growth.