Thanks for explaining in detail. The part I now understand is that an automation that removes the need for manual work could lead to much higher factory output

Thanks for explaining in detail. The part I now understand is that an automation that removes the need for manual work could lead to much higher factory output. The part I am unclear about is the impact on the supply-demand and pricing: Say the prices of goods produced go down by 55% on an average (assumed loosely based on OP article that says knowledge work is 60%). With 60% of the work gone, many humans may lose jobs and many may not have enough savings or investments for living even with 55% lesser cost of goods (while rent, etc. stay similar?). While the factories could produce more, the demand may be much weaker, so the factories may not have enough need to produce more. Due to competition, the prices should ultimately go down (maximum by 55% in the scenario considered). How does the wealth per person increase for factory owners, and/or, for others? The OP article also says GDP growth would accelerate in all scenarios. I am not clear how. If cost of making good go down drastically, could the GDP also not go down instead? Also, a separate question: >> though of course individuals will vary greatly in how much wealth they accumulate in this sort of takeoff. What would be your advice to people during this takeoff. :-) Thanks.