This might be how it shakes out but I don't think it's acceptable, and I don't think white collar workers will think it's acceptable. Taking high income people and making them low income people (usually for life) has a tendency to politically radicalise people. Especially in light of the unprecedented productivity and profits which businesses will experience. People will demand a slice of the pie.
One kind of intervention that could work would be licensing, like with some engineering professions. Make it illegal to work on software without a professional license; same as with doctors. Engineers would be free to work with AI, but the final responsibility would fall on them.
This artificial control works to prevent oversupply and protect salaries. Unfortunately, the businesses calling the shots won't ever allow this to happen.