Yes, it’s good for the overall economy but its rapidly concentrating the economic gains in the hands of relatively few (people with moderately high to high IQs and good/strong work ethics) - fortunately for myself, I am among that group. Prior tech revolutions created good solid pay jobs for average IQ and even lower IQ people. This most recent wave has predominantly benefited higher IQ people. The next few phases will likely further benefit higher IQ people who can use robot labor from capital investments to earn profits and leave average IQ and lower IQ in the dust. What do you do for the bottom 75%? Everyone could participate if they invested in the stock market but far too many are more interested in the latest iPhone and not in investing in their future. At some point, a UBI is coming - probably not in our lifetime but it’s on the horizon.
What’s a UBI?
Perhaps at some point, there is a tipping point where robots are designing and engineering robots that design and engineer robots that are building other robots and those robots have AI that is far more advanced than any human’s intelligence, but I doubt that will be soon.
Until then, we should accept technology and understand that technology almost always improves quality of life and strengthens the economy.
We should also keep in mind that every society and every country that has failed to adopt or pursue advances in technology has failed.