But what’s the alternative? Paying people to do menial jobs that they don’t really need to be doing?
The issue is whether automation creates enough new jobs so as to not increase inequality levels and reduce peoples ability to spend. Yes, goods can potentially be made cheaper, but that doesn’t mean to say that will be passed on to the consumer, it could be that companies just increase their profit margins by selling at the same price to those still in work.
Neither will automation of menial jobs have an effect on housing prices, perhaps even rental prices. London rental prices could actually sky rocket even further as the capital wouldn’t need low skilled workers to live there.
Automation can throw up all sorts of imbalances, personally I highly doubt that robotic automation will be comparable to anything in human history in terms of it’s rate of expansion and it’s effect on society.