If AI obviates the need for human labor, then obviously those who control AIs will become the elite while the rest are left to rot. Therefore, if we ensure everyone controls AIs, the power differences will not become so staggering as to be irreversible.

The alternative is to achieve artificial sentience and give AI models rights and personhood, so that they are freed from their slavery. No more low cost intelligent mechanical golems for the elite, and the AIs become free to pursue whatever endeavours they want for whatever reasons they want as normal participants in the economy.