Late response here. Yeah I clearly missed the reference to the economics term, but that makes sense.
To respond on the main debate, my argument is not that "efficiencies in production will drive the prices of goods down" but instead that "efficiencies in production will drive the production costs of goods down".
Just because it becomes cheaper to make a product, doesn't mean that the consumer price will drop the same amount. Especially if that cheaper production can only be utilized by a few companies with automation skills.
The economic benefits of automation may trickle down to consumers, but will largely be taken by the few large companies capable of such automation.
To respond on the main debate, my argument is not that "efficiencies in production will drive the prices of goods down" but instead that "efficiencies in production will drive the production costs of goods down".
Just because it becomes cheaper to make a product, doesn't mean that the consumer price will drop the same amount. Especially if that cheaper production can only be utilized by a few companies with automation skills.
The economic benefits of automation may trickle down to consumers, but will largely be taken by the few large companies capable of such automation.