Comment False (Score 0) 10
Automation increases number of jobs and also the things you can buy with that money. The thing that has fucked everyone over is real estate prices. And that's because building permits are hard to get. People are afraid that their home value will decline, so they block new building permits for the illusion that it sustains their own home price. That's an evil move (and btw I say that as a homeowner). It's also unnecessary, when more homes are in an area long term it increases the price of real estate in that area.
Anyway, my point is that everything is expensive because of the price of real estate. Robots will increase the number of jobs by increasing the number of products and services we have available. People will have jobs facilitating and managing robots or fleets of robots. The real way to wealth shall be to own robots, the same as owning a restaurant or a company with a bunch of employees. Since that will be taxed or the government may even own a percent of some companies (socialism?), even a $200 welfare or UBI check would buy you a lot of stuff.