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Bill Gates says a 3-day work week where 'machines can make all the food and stuff' isn't a bad idea
(www.businessinsider.com)
this post was submitted on 23 Nov 2023
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We will absolutely have automation but the workers will just be fired and all profits will be absorbed by the stockholder.
No cost savings will be passed on the other consumer either.
The problem is that would be wildly unstable. The capitalist class can't sell automated-produced goods if people don't have any money because they're unemployed.
However, those mass layoffs will make this quarter's numbers go up, and everything else is a problem for next quarter, which is why they'll do it.
They'll milk it until society crumbles putting Bandaids® on problems until revolution.