And what about those humans who are not capable of doing high level things for high pay?At some point, automated systems will outperform humans at a great many, if not most, tasks. This should free up human resources to do high level things for high pay. - marktwain
What we may find ourselves encountering, is an increasing percentage of the human population not being able to do anything that would pay enough to feed them.
Logically, if AI computers do all the work superbly and extremely efficiently, the cost of human needs plummets. Computers become Shmoos.
You have it right.
But there are always limits.
Real estate becomes very expensive, I would think.
And what are the owners of the AI computers going to do, when people call for their "excess" profits to be "redistributed"?