The problem is that the relative price of human time decreases, while the relative price of land and resources increases. So wealth moves to people who own reso

The problem is that the relative price of human time decreases, while the relative price of land and resources increases. So wealth moves to people who own resources. Another problem is that the standard deviation of the price of human time is increasing. The typical example is someone of average intelligence who was an accountant but her job got automated. In general, jobs requiring an average intellect are disappearing and people who did these jobs are more often moving down (manual labor) than up (programmer, designer, etc.). So the real problem of automation is not unemployment – you can always find a slave-like job for a few bucks per hour – but wealth inequality.