I may be thinking of this wrong, but at a macro level, as we've seen in advanced countries, the labor pool can shift towards different types of jobs. The money

I may be thinking of this wrong, but at a macro level, as we've seen in advanced countries, the labor pool can shift towards different types of jobs. The money is still out there. We have more high-end wedding photographers, expensive video games for people to buy, luxury vacations to spend money on. When automation occurs, the wages previously paid to the workers doesn't just evaporate into thin air, but it moves around into other areas. I'm sure there are lots of studies out there that might show something different in reality, but the world is richer as a whole than it's ever been. It may fluctuate in allocation, but it's still richer overall. Now I suppose overall richness and unemployment are two different things, but the poverty level is lower than ever, which is a good sign. I suppose the challenge is for poor/middle class learning how to better separate the wealthy from their wealth at a faster rate, in a productive way?