> However, automation allows for the owner of the goods of production to retain much more of the value created. It also massively lowers the cost of the produc

> However, automation allows for the owner of the goods of production to retain much more of the value created. It also massively lowers the cost of the product in general, and makes it a commodity. Yeah, automation might allow some company to keep more of each sale, but unless they're a monopoly, the price will plummet. Consider buying a pair of handmade leather shoes vs buying some factory made leather shoes. The factory might have a higher margin than the craftsman, but suddenly leather shoes are very affordable.