Earlier quoted context omitted.
100% of society can't be brought out of poverty. Here's an example: If we motivated everyone to get a college education, we would have people flipping burgers who are college educated making min wage and living in poverty while struggling to put food on the table.
We're not going to have humans flipping burgers in a few years. A lot of these low-wage, low-skill jobs are finally on the brink of being automated. There will be new opportunities to replace them, as there always are. I'm pretty optimistic about the future of the economy - we have a huge number of skill-demanding fields that are growing, and many of them are facing real difficulty, which is exactly what creates dema…
As those jobs are automated, who will patronize those businesses? eg what fraction of McDonalds customers are high-income high-skill laborers vs lower-wage low-skill?