This is also the corporatists argument for a high minimum wage - the higher the cost of labor the more aggregate pressure to automate it away. And the more abru

This is also the corporatists argument for a high minimum wage - the higher the cost of labor the more aggregate pressure to automate it away. And the more abrupt the upset the more likely the necessary cultural shift occurs. The alternative, generational slow burn automation, would just perpetuate the current state of affairs - new generations being poorer than their parents gradually till the two classes - capital and labor - have totally diverged into post scarcity luxury and destitute helpless permanent poverty.