A competitive market doesn’t mean there’s an infinite amount of work to be done. A restaurant is going to sell a finite amount of food no matter what they do. T

A competitive market doesn’t mean there’s an infinite amount of work to be done. A restaurant is going to sell a finite amount of food no matter what they do. They are incentivized to spend as little as possible on salaries. In terms of work, with zero-friction reallocation, of course automation is a good thing. There are tons of other things which need to be done besides packing boxes in a warehouse or driving people around. But we don’t have anything like perfect reallocation, and we don’t have business models for many of the things which need to be done.