Earlier quoted context omitted.
Automation. Does NOT. Destroy. Jobs. Is the economy smaller today than in 1911? Are there fewer jobs today? Are there less worthwhile jobs today? Exactly the opposite in every case. Automation may eliminate A job in the near-term but in the long-term it creates and enhances wealth. Ultimately every dollar spent makes its way from one person to another person. Robots don't have bank accounts.
Can you imagine a future where most of the menial and factory tasks that are now jobs are performed by robots? In this case it certainly does eliminate jobs, with no guarantee that others will be created. The wealth created goes to the company that made the robot, and the one that utilizes the robot. The people who used to have jobs get left out of the wealth transfer. I'm not saying this is necessarily bad, just tha…
The wealth goes to the people creating the robots and the people maintaining the robots.
Automation is a great thing. I'm still waiting for an economic model to be put into place where (decent) food, shelter, and health insurance are provided free of cost because of automation. The necessity of having a job is so ingrained into our culture, I want to see what it'd be like when it's entirely optional.