Amazon’s humanoid warehouse robots will eventually cost only $3 per hour to operate. That won’t calm workers’ fears of being replaced.::The robot’s human-like shape is bound to reignite workers’ fears of being replaced, but Amazon says they’re designed to “work collaboratively.”
Let me fix that for you. Technology makes society more productive, over time. It does not necessarily make individual humans more productive or better off. A while back I read similar studies, which found the economic disruption of technology jumps like this can easily be two generations.
The other concern is location. Not everyone is perfectly mobile. If you have a major employer in a region make huge cutbacks, some people will find a better location but most will suffer, be unable to adapt
Let me throw out the coal industry in the US as an example. Over the decades, more automation has meant continued profits even in a declining industry. Society is more productive. The corps are more productive. However coal mining towns and their people most decidedly are not. Some people left. Some people were able to adapt. But all too many still know nothing but the illusion of good jobs that haven’t been there in decades and continue to disappear ever faster