Comment by nrb
I’m not convinced… there’s so much room for technology to fill the gap. Companies that fail to properly invest in tech to replace this labor will be beaten by those who do, and quality of life may actually improve as the marginal cost of production marches ever downward.
That's a vision of a potential future, not the world we live in right now. Right now, there are a couple hundred million people in Asia and Africa making things for the Western consumer, mostly for pittance wages.