Comment Re:A simple mitigating effect would be to not... (Score 2) 147
While I wholeheartedly agree with this, the game plan will be to use automation to lower prices on good and services while keeping wages low, if the people are hand to mouth they won't be able to make those choices. They won't have enough discretionary income to have those choices.
Walmart brings in cheap products to a town and puts the ma and pa shops out of business, then turns around and pays employees less than the ma and pa shop would -- so everybody in the town has no alternative but to shop/work at Walmart. All the productivity and its associated wealth flows up to the 1%. This has been happening since at least the 1980s. AI is just another link in that chain.