Automating away inefficiencies and increasing productivity leads to greater wealth, which in turn creates more jobs. Different jobs.
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People are right to be concerned that wealth creation through technology may lead to a wealth redistribution issue, and greater inequality
But the good news is that automation reduces the cost of life in everything that isn't artificial rent, making redistribution *easier*
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Redistribution is a social necessity. Ever-increasing automation along with reasonable redistribution will eventually create a tech utopia
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If reasonable redistribution mechanisms are in place, people will welcome automation rather than fear it, accelerating the pace of tech
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It's only good news if the lower costs are passed to the consumers, or the bigger wins shared with the company's employees too.
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