The lamenters don’t seem to understand that increased productivity in one industry frees up resources and laborers for other industries, and, since increased productivity means increased real wages, demand for goods and services will increase as well. They seem to have a nonsensical apocalyptic view of a fully automated future with piles and piles of valuable goods everywhere, but nobody can enjoy them because nobody has a job. I invite the worriers to check out simple supply and demand analysis and Say’s Law.
I suspect these economists don't live in the real world.
https://mises.org/blog/why-robots-wont-cause-mass-unemployment
Stupid straw man arguments. You only have to look at the current economy to be able to see the counterexample. It posits a completely closed economy - as soon as you have exports and non-consumer markets the entire card house of assumptions falls in a heap. D minus.
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