this post was submitted on 29 Apr 2024
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[–] blackbelt352@lemmy.world 7 points 6 months ago (1 children)

The basics of Supply and Demand. If automation means more consistent and bigger Supply, then prices will* come down and more of the Demand will be able to afford the goods and services in the Supply. Larger supply means cheaper prices, possibly to the point where value becomes basically meaningless.

*assuming that Supply isn't artificially limited by the owners of industry to protect their own profits. If only someone wrote a series of books and pamphlets about how the owners would do everything they can to protect their profits.