I'll be honest, this sounds like a Luddite argument. Yeah, we'll lose jobs. And if history is any indication, we will gain new jobs, eliminate repetitive work, quality of life will go up, and prices will fall.

The major problem is the unpredictability of prices.

20 years ago it was promised that, by now, higher education would be free. Instead, you can get the education for free, but the degree will cost the median yearly income, annually.

You now have a supercomputer in your pocket and can have a chocolate cake delivered to you in 30 minutes.

You can get half of your joints replaced with titanium, and treatments for diseases that have killed hundreds of millions of people in the last century.

In five years you'll have an online boyfriend/girlfriend who is an amalgam of every trait you desire.

So quality of life is improving massively.

Prices seem to fall relative to wages for most things EXCEPT those things which people compete for which provide stability, predictability, opportunity, etc (college degrees, housing, #bitcoin). Built into the price is the knowledge of inflationary loss (housing prices bid up as people see a 7 percent mortgage as a hedge against potentially higher inflation).