If everything is automated then where do people work?
If only some things are automated, then yes those places will have an advantage when it comes to labor costs, but they will use it to pad their profit margin.
Factory X employs humans ands sells widgets for $100, but their costs are $90, so profit is $10.
Factory Y is automated and they have costs of $10. Do they sell their widget at $30, thus earning a handsome profit of $20? No, they charge $90 and earn an obscene profit of $80. The worker gets screwed, the shareholders get richer.
This whole thing only works if workers have ownership in the corporation, but that's gasp socialism and we can't have that.
If only some things are automated, then yes those places will have an advantage when it comes to labor costs, but they will use it to pad their profit margin.
Factory X employs humans ands sells widgets for $100, but their costs are $90, so profit is $10.
Factory Y is automated and they have costs of $10. Do they sell their widget at $30, thus earning a handsome profit of $20? No, they charge $90 and earn an obscene profit of $80. The worker gets screwed, the shareholders get richer.
This whole thing only works if workers have ownership in the corporation, but that's gasp socialism and we can't have that.