We have plenty of competition for healthcare, energy, housing, transportation, food, financial products and services, entertainment etc.. Have prices come down as a result of this competition?
No econ-babble, either.
Considering the macro-economic aspects of automation, what about the "All-in-Costs," after factoring for welfare/unemployment/prison costs of those displaced from low-skilled work?
(Or .. when the company benefits from reduced labor, does the cost get shifted to the government?)
Or what happens to the workers when your fast-food outlet fires the cooks and order takers, in favor of robots and kiosks?
Do those workers suddenly grow 15+ extra IQ points, go to technical schools and become computer coders?
(Same for the drivers displaced by self-driving vehicles.)
Where do those IQ points come from, in societies importing turd world "workers?"
The "breaking point" comes when the turd world low IQ folks decide they want more Pie, start rioting in the shopping malls between the kiosk, etc. .