To get some sense of the numbers: labor currently takes around 65% of gdp[1]. Owners of the automation will take some of that gain ,so at best we'll see 50% r

To get some sense of the numbers: labor currently takes around 65% of gdp[1]. Owners of the automation will take some of that gain ,so at best we'll see 50% reduction in prices. According to one calculation, a $10K per person over 21 is a possible basic income proposal[2]. So for family , after adding the 50% deflation, each family will receive $40K in today's dollars. $40K is close to the median family income in 2012($53K). And we still haven't factored non-automation based innovation. [1]http://en.wikipedia.org/wiki/Wage_share http://en.wikipedia.org/wiki/Wage_share [2]http://nextbigfuture.com/2013/11/a-basic-income-of-about-10000-per-us.html http://nextbigfuture.com/2013/11/a-basic-income-of-about-100...