In a free market the replacing of labor by mechanization frees up labor for new industries and prosperity increases. In a severely hampered by government economy those displaced workers will be given welfare and endless programs are will be encouraged to remain idle. The economy will suffer as more and more mechanization is required to pay for all the new welfare benefits.
Many advances COULD lead to a better world. But, as more and more people need to be supported by social welfare, more and more “stuff” is redistributed.
People who support redistribution of wealth think this is all fine. I happen to think that personal productivity has crucial value. I hope to ontinue to make a contributon.
But I worry that “new opportunities” don’t appear by magic and there is no guarantee that human labor will be needed.