Earlier quoted context omitted.
> I was with the author on everything except one point: increasing automation will not leave us with such abundance that we never have to work again. That's because we prefer improved living standards over less work. If we only had to live by the standards of one century ago or more, we could likely accomplish that by working very little.
What is interesting is the new things are cheap while the old stuff is now expensive. Average house in Australia is $1,000,000 while a TV is $500. The internet, social media, etc are cheap. Having someone repair your shoes is expensive.
https://www.aei.org/wp-content/uploads/2019/01/cpichart2019-...