This touches on the models if Marginal Utility and the Marginal Rate of Substitution. When it comes to inhabiting a world with AGI and ASI, we also need to think in terms of comparative advantage. A person doesn’t need to be the best at anything in order to contribute. They just need to contribute something to the system. You can be worse at everything, but your humble productivity still adds to the tally of the economy. 

In a world with hyper-efficient machines, there’s a chance that the costs of sustaining a person will be so minuscule that it could still be covered by their own meagre (compared to ASI) output. Especially if humbler personal AI can be relied on to fortify an individual or a household, we might be able to double-down on the autonomy of economically independent citizens rather than provide for them through a central planner.

It’s much more conducive to the flourishing of free will and agency.