| Before the industrial revolution, even though money existed, "wealth" really meant "land" rather than "capital". While we do not today need to ask how people can afford robot lawnmowers despite being unable to find work hitching ploughs to draft horses or oxen, the fears at the time of things like this did lead to mobs smashing looms. If I have some (n) robots that can do any task a human could do, one such task must have been "make this specific robot"*. If those n can make 2n robots before they break, and it takes 9 months to do so, and the mass of your initial set of n is 100 kg, they fully disassemble the moon in roughly 52 years. Also you can give (94.2 billion * n) robots to each human currently alive. Asking "who can afford it" at that point is like some member of the species Kenyanthropus platyops asking how many knapped flints one must gather in order to exchange for a transatlantic flight from London to Miami, and how anyone might be able to collect them if we've all stopped knapping flint due to the invention of steel: The economics are too alien, we cannot imagine this kind of thing accurately on the basis of anything we have available with which to anchor our expectations. * including the entire chain of tools necessary to get there from bashing rocks together. |
The industrial revolution didn't really change anything about land.
It's still a fundamental and underrated component of our economic system, arguably more important than capital. That's why Georgism is a thing Indeed, it's even contemporary to the industrial revolution.
The economics are too alien, we cannot imagine this kind of thing accurately on the basis of anything we have available with which to anchor our expectations.
I would refrain from making such wild prediction about the future. As I have pointed out, the industrial revolution didn't change the fundamental importance of land. Arguably, it's much more important, and even more relevant today given how our land use policy is disastrous for our species and climate.
So, yes. It is important to ask how consumers will pay for all these robots if they don't have any sort of income that would make using robots economical.