[Theoria]

We are the most productive we have ever been. But, we have had wage stagnation for years. It will take a massive reduction in immigration to help raise wages. If not, the trend of wage stagnation and economic productivity will continue. The automation and AI will only increase such productivity will stagnating wages.

Politics will cry for neo-luddism, increased welfare, increased taxes, etc.

[aquila48]

“The automation and AI will only increase such productivity will stagnating wages.”

Looking at wages alone is not looking at the right metric.

The right metric is the difference between wages and cost of living.

If I can buy more with my “stagnant” wages as a result of higher productivity and thus lower costs, I’m better off.

And I think today people are better off than they were a few decades ago.

Even the poorest today has a car, enough food to be obese, flat screen TV, a roof over their head, air conditioning, etc.

“Politics will cry for neo-luddism, increased welfare, increased taxes, etc.”

It’s a coordinated campaign and they’re working very hard at it. See my post #17.