"Efficiencies drive down costs which benefits society as a whole." Those same efficiencies remove people from their jobs. First blue collar jobs and later, as

"Efficiencies drive down costs which benefits society as a whole." Those same efficiencies remove people from their jobs. First blue collar jobs and later, as we will see, more technical and intricate fields. So the cost cutting yes is beneficial to the company and yes a potential side effect is prices decreasing but another side effect is more unemployment. For people that are highly educated, they potentially have the ability to transition to other fields. For people less educated, they're stuck. That doesn't necessarily benefit society as a whole.