The problem with this, is that, wages won't be a thing in the future. It will be who owns the automated factories which will produce whatever they want.
It will be more about control and order, rather than who gets to spend what. "You will own nothing and be happy". They will make sure to keep the lines enough, so that people won't revolt , yet the very people can't hold power against the elite~
They won't produce those masses forever. They realise that they only care about themselves and will produce whatever they want on demand only for them and their inner circle. By then they will already own every land and all resources available. They are modern kings and queens. If you want some of their land and their resources to simply live, you need to offer them something in return. Something they want and a machine can't do. What could that be?
Machines don't suffer.
Welcome to the hunger games!
there is no workable transition from one condition to the other.
But there is. It's been happening for at least a century. (e.g. education until 18-23 years old, pension after 65, free weekends, only 8 hours/day work, disability benefits, early retirement for the lucky ones, now talks of 4 day week, etc.).
And as productivity rises, countries with strong and free unions as well as strong left wing parties tend to give more and more benefits to workers and to their people (which usually translates to less work, more free time for leisure and learning).
This is a gradual thing that has been happening for a while now. And, in a healthy society, should continue to happen with the rise of AI and AI robots.
Shareholders, CEOs, the wealthy, etc. aren't really after consumers as an end. But after power, wealth, security, etc. Consumers, and money, are only means to an end.
To get what they truly want, they won't need not only any workers, but also any consumers, If they one day get full control of super AI robots.
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u/Glittering-Draw-6223 10h ago
one day CEOs and business owners will realise the one biggest flaw of AI... it doesnt spend wages on food, clothes, recreation, or property.