We've been through this exact same thing with crypto and particularly NFTs. Remember those? Oh sure, a shortened URL on a blockchain is worth millions. Remember that? This quote on cognitive bias is often brought out:

"It is difficult to get a man to understand something, when his salary depends upon his not understanding it."

So, just like with crypto, there are people inside the bubble who simply believe they're going to get rich off of whatever is happening. So instead of seeing the flaws or the exploitation, they see a system where ultimately they will benefit from it. In crypto, you saw people who missed out on Bitcoin so kept looking for the next Bitcoin in everything that came after. That's why rug pulls worked.

AI is just accelerating a trend where a few thousand people are increasingly owning everything. Automation (including AI) will just be used to further concentrate wealth. We will be minting trillionaires when the majority of the world can barely afford to live.

But there are people inside the bubble who don't see that or don't care because they think they will get rich so none of that will affect them. It's not even that intentional. A lot of people see poverty as a personal moral failure. So it's just that they view themselves as not having that moral failure.

A more realistic view is that not everyone can be Jeff Bezos. You're more likely to win the lottery than you are to end up a billionaire. Also, you're one bad day away from being unable to work. Medical event, accident, whatever. This is why we look after the most vulnerable in society because you could be one of them one day.