Arachis on Nostr: The race to productivity, notably thanks to automation, and the race to reduce costs ...

The race to productivity, notably thanks to automation, and the race to reduce costs to 0, are 2 sides of the same coin. Eventually this results in an ever larger amount of goods and services requiring an ever smaller workforce.
Yet the goods and services that people can consume are eventually limited by how much hours there are in a day. E.g. as one French television boss once coined it "We are competing for available brain time". Inevitably, this leads us to a society of abundance were a shrinking fraction of the workforce's available time is necessary to produce in a given period of time all what humanity needs, wants or can practically consume in that same time frame.
Inevitably, this leads to the necessity of a universal revenue, as everyone needs to have sufficient money to buy all what society produces, money being eventually just the oil in the economy machine, not an output of that machine.
How much money is allocated to workers or capital owners on top of the universal revenue is not defined by economics, it is defined by politics.
The obsession of the current political (de)generation that everyone must work full days from one's twenties to one's sixties is rooted in the 20th century perception of infinite growth being necessary to satisfy an infinite thirst for goods and services.
The system will eventually collapse when the exponential efficiency trend crashes into the finite demand reality.