Throughout the 20th century new technology has been steadily increasing the value of human labour, but some forms of human labour have increased more than others, and this imbalance has caused a market distortions. Technology has done a great deal to make railroad engineers more valuable for instance, because one guy could suddenly move hundreds of tons of goods. Used to be it took an army to do that. On the other ha…
This also implies that fewer individual plumber/robot/AI teams than the current number of plumbers. To offset that, we either need quite a bit more work at this level, or we need a rethink of the whole work-to-live system.
In the past it has always turned out that there are new kinds of jobs to be done. That may happen this time too. Things like living off of making YouTube videos are perhaps an early indicator of the direction we should be looking in. But it seems like most of the new models that are successful are based on ads and it seems to me that advertising-based business models can only ever make up a relatively small portion of the total economy.