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> Also, who is going to buy anything when nobody has any money?

This assumes that a mass consumer economy is necessary, when it isn't. Mass consumption is relatively new, for most of history economies functioned with just a small consuming elite and large underclass that consumed very little. We are already approaching that again in the states given that the top 10% of earners are already responsible for nearly half of all consumer spending.

There's a floor even in a mostly automated economy where some services are resistant to automation simply because the human element is the product. Luxury hospitality, personal care, etc. That billionaire is going to want a human masseuse, not a robot.

A highly automated economy could stabilize like this with a small elite population consuming luxury goods & services, served by a low-wage economic underclass human workforce.

Its certainly not a pleasant society, but its also not unsustainable given enough oppression or pacification (bread and circuses anyone?)

Care to share some sources that corroborate any of these claims and explains how the dots connect?
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it necessary for ceos doing layoffs. i thought thats context we are talking about.