My macroeconomics prof emphasized the unparalleled productivity of the American worker assisted by automation. The economy will require very capable, innovative contributors. I wonder what will happen to the less-than-capable....
You bring up a good point... middle class people will be forced down or up... the ones that go down will be competing with the lower classes for jobs.... the less than capable will be displaced and given this universal basic income ... then the market will be capped and prices will fall for goods and services ... so the profit motive of building and maintaining a robot / ai fleet will be negated... tax revenue to the government will be destroyed.... revolution .... global currency reset ... world government ... rise of the neoluddites!!!