What will happen once automation reduces the amount of valuable

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>>1676105
the jews have achieved their final goal

Hopefully all the alt-retards will get killed off as the stupid are first to go.

The rest of us will just seize the means of production.

Demand for labor falls
Supply of labor increases
Wages fall to binding price floor
Causing inflation to rise
Falling labor prices cause demand to rise
Rising demand causes Supply of labor to fall

Repeat infinity, if too many greedy workers they leave workforce and fuck off until they accept new low wages (thanks to inflation and min wage laws, workers will have hard time realizing wages are falling, will blame rising prices and play whackamole with the biggest items in their CPI, i.e. First workers complain about high rent, then transit and so on)

>>1676105

mass poverty, with a small super-wealthy elite.

Anyone who thinks automation and A.I are going to create some UBI utopia in a capitalist system has a big surprise coming.

The extermination of 80% of the worlds population. Once the economy is freed from the necessity of a labor force and consumers the population will be culled to ensure resources are preserved for a long enough timeline to ensure the preservation of the human species.

It probably will be implimented in the form of a welfare program that exchanges economic security for reproductive ability.

>>1676105
>what happens when there are less jobs than workers?

Are you sure this has not happened before?

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>>1676105
Wealth consolidation by the people that own the machines. People starve to death in a slightly larger portion of the planet.

Returning energy costs into labor costs is the way you unfuck that situation and goooood fucking luck convincing anyone with the ability to affect a god damn thing of that fact.

>>1676837
That won't be necessary, just let the nations (any western nation really) poor starve to death as inflation rises and what little they are able to get is reduced in quantity and value.

While the people who earn enough money to wear a suit and are still able to afford little things like education, healthcare and FUCKING FOOD ride the wave and hope they don't fall under the tide line next time.

>>1676105
>until there is no longer enough for the working population?
Implying it will ever get that far.

I seriously hope all menial labor gets eradicated so that people can focus on more productive things like progressing in science or medicine.

>>1676607
>some UBI utopia in a capitalist system
Who said anything about capitalism?

>>1676156
>Wages fall to binding price floor
>Causing inflation to rise
That's a non sequiter. It will cause inflation to fall.

What happens next depends on how the government reacts. If they use fiscal and monetary policy to stimulate demand then there will always be enough work no matter how much automation there is. But if they try to balance their budget, most people are screwed.

>>1676105
machines arent wiping out labor jobs, its doing it slowly over the course of decades. the govt does this to make sure that people dont lose their minds. and gives people the chance to stop getting into those fields.

>>1677109

It's the prevailing economic system in the world. Do you live in soviet russia or something?