It is. That is why it is deflationary. The downside is people lose their jobs.
I have a feeling this is going to happen across the economy. Robotics is going to really cause a lot of disruption in the job market.
Unfortunately, #ai is going to come in first.
That's what I thought about it too. There will be a lot of unemployment, because when these automations become quite common in the job market, I wonder what these people will do to support their families.
I may be wrong, but perhaps Musk already predicted this and he already mentioned something similar as a "social wage" because with machines taking up a large part of jobs, this may be necessary.