I think you are handwaving the issue away with »economic activity moves elsewhere«. Now that I have said this I have to handwave myself because I am not sure ho

I think you are handwaving the issue away with »economic activity moves elsewhere«. Now that I have said this I have to handwave myself because I am not sure how to quantify this. I believe there is a much harder limit to the amount of things you can reasonably consume than to the things you can produce. 2500 calories and 3 liters water per day, one house, one car, one phone. On the other hand nothing really limits the amount of things you can produce if you are supported by enough machines. The obvious consequence is that there is not enough work for everyone and therefore working for money and spending money for goods and services no longer works. And I am pretty sure we are already there in some sectors. We are already producing and throwing away hundreds of million of tons of food every year. We are already replacing mostly okay phones every year or two. Or look at these bullshit jobs, people generating reports all day long and handing them over to the other guy shredding reports all day long. What would the unemployment rate be if we removed all those inefficiencies and all the waste?