This is honestly a real worry of mine, since (AFAICT) the only workaround is aggressive taxation and deliberate redistribution. The market incentives to make any specific group of workers unemployable are just too strong. You can make millions or billions of dollars doing so. They're SOL.
My suggestion is workfare, not welfare. Hire people to create
public goods or anything that has a reasonable
economic surplus. People will continue to compete and innovate in order to supply these goods. Morale is also much much higher in workfare settings. Look at the military or the various science foundations. These people really do feel like they do valuable work. What they're doing is what I'm suggesting, producing a public good and being paid salaries gotten through tax dollars
I definitely see a more socialist method of economics coming as long as automation continues to happen. In the best case scenario, these robots will be considered as public property, and their output can be shared by everyone within the society.
Or maybe there is a new method of economics coming out way. All I can say is that I am really worried about this kind of future.
That has happened throughout recent history and yet machines haven't taken over every human position. What a human needs to do is make sure they aren't made redundant and make them valuable to the employee to keep on. This is not changing what is already happening in the workforce.
Being considered valuable is becoming more and more expensive every year.
If you go back to the 1980s, you can be employed practically anywhere with just a bachelors' degree and minimal experience.
Nowadays, if you look at most job offerings, employers do not look for any less than 4 years of work experience, and maybe even a master's degree.
At one point, it only took four years to be competitive. Now, you need to remain in education for at least six years, and have work experience in what you have studied for at least two years in order for you to be considered competitive.
Sure, there are some gifted people who have families that can afford to provide them with all the money they need to continue their education, but to the average person, the expenses that are required to remain competitive for any good earning jobs are just too high.
Ultimately, the people who were born into wealth are better suited to be competitive in the modern workplace, having not only the funds they need for it, but some possible family connections, that will land them a job. This leaves the non-competitive workers to jobs that not only make their education redundant, but are susceptible to automation within the next several decades.