Sooo...what good is efficiency if there is no one to buy your
because no one has money because no one (or very very few) have jobs?
There are various proposed outcomes.I'm just laying out the inevitability of it all and how much authoritarian power it would take to restrict it.
Proposed possibilities:
1) The luddite argument. Folks have been projecting for centuries that technology would take all our jobs. This has happened MANY times and often with more vigor. Imagine farmers being told they would only be 2% of the population within a century. It was unthinkable
at that point. To this point, losing overall jobs has really not been the case. Could this break that trend? Possibly, but it's speculation at this point. But let's assume it does happen:
2) We allow x companies to utilize this blindingly powerful technology and for this, they pay a very high tax. This also allows them to sell to domestic individuals, to discourage offshoring. We begin utilizing minimum income distros, and...:
3) Working weeks become a fraction of what they are now. Again, companies pay to utilize this technology. The offset is individuals work less and others are distributed more.
These, of course, are considering humanity keeps control in a democratic manner. If the oligarchy takes over government itself, then it would become very dicey. But even then, they would need a buyer, right? So they will be encouraged to be within a system where both sellers and buyers can exist, otherwise they are losing out.
Oh, option 4:
The masses have control of production and said technology. Those managing it are given a pretty premium. The rest get COL distros. Something like that. Ofc this is all highly speculative, but futurists have been considering it for a hot minute. A resource-based economy is another interesting solution.
At this point it's all speculation, but we should be preparing society for the best possible outcomes, not burying our heads in the sand and destroying the machinery such as in the 1800s. We have to face this head on, in a serious manner.