Yes automation is the necessary condition for real wage growth. The only way for real wages to grow is for productivity to grow, which means more automation ass

Yes automation is the necessary condition for real wage growth. The only way for real wages to grow is for productivity to grow, which means more automation assuming work force skill level is stable. Is it also sufficient? I think there is valid concern about aggregate demand, esp if the transition is too fast. I don't think that is currently a problem though as our productivity has been growing too slowly, not too fast.