So those are empirical questions: how much do prices drop? Do they drop enough to offset the loss in wages - wages that get put principally towards the cost of

So those are empirical questions: how much do prices drop? Do they drop enough to offset the loss in wages - wages that get put principally towards the cost of living? I think the empirical question has been answered unequivocally: wages, corrected for inflation, have been stagnant for thirty years. More value is definitely being made, but it's being captured by different people: that's why we've got so many more rich people who are so much richer. That last bit, though - that there are people and machines making things - seems wrong to me. Like in a car factory: let's say I used to use machines to mount car doors. Now, there's a machine that does it a lot better than me, and I don't need to operate it. Unless I live somewhere that labour's dirt cheap, it seems unlikely that I'm gonna be (a) making things or (b) in a job doing my car-door-mounting best.