You know how a labour market operates, yes? When there is a shortage of labour there is a rise in wages, now that we can build machines to do our jobs there will be more unemployed, we will be surrounded by them. They don’t have much purchasing power. Then a 2 tier society, haves and have nots, takes over. Has it already?
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You are implying that replacing excavators with men with spoons would be a good thing since more people would be employed.