[bourneavent]

>How is this any different from farm machinery 200 years ago or industrial automation 50 years ago? More production with far less people.

The economy will for sure eventually get into some sort of equilibrium again. Things will become normal sort of like how the giant wealth inequality gap is super normal right now (likely caused by the same automation you're describing).

But there is so much different now then before. Additionally the velocity in which this replacement is occuring is much higher then industrial automation. Given the differences we cannot fully know the outcome.

It's easy and convenient to allude to examples in the past to predict the future, but that is not a data driven or logical conclusion. We don't know what will happen, and to ignore the possibility of a bad outcome is folly.

My wild guess is that there will be a temporary period of destabilization and this temporary period could last between one to two decades all the way to several generations. By then all the "problems" will be normalized; sort of like how the wealth inequality gap has been normalized and how it's basically become normal to see tons and tons of homeless people living in RVs in the bay area.