When wages decline, cost of producing the service/good does down too. And when the costs go down, relative demand goes up. When relative demand goes up, the to

When wages decline, cost of producing the service/good does down too. And when the costs go down, relative demand goes up. When relative demand goes up, the total labor needed expands. How many Uber rides would you take at $5 vs $20? How many times would you eat out at $10 vs $50? Would you pay for a house cleaner at $25/visit over $150/visit? A live in nurse at 50k/year vs 200k? The costs of all these things will decline materially when the labor pool expands meaningfully due to displacement. Technology has always been deflationary in the long run throughout history.