The demand for human labor is going down on average, so wages are going down - and have been on a decline since the 70s. Capitalism relies on employers to value their employees for the money to trickle down and the system to work. Our grandfathers used to work for the same employer for decades and got a pension. Today, that loyalty is unheard of from either side. We have the rise of temps and the contractor economy and unemployed living with parents.
Yes, the cost of mass produced consumer goods is going down. So the wage repression is mitigated. With the explosion of consumer credit in the 80s and 90s, the unsustainability of consumer spending was also masked. Now it has come to the fore, in exactly the areas where costs are not going down: rent and real estate. In every major city including NYC and SF, the costs of rent are sky high relative to wages. Wonder why? Look at the rest of the country and it's true too -- the rents are slightly lower but the wages are lower too.
So the predictions are borne out... automation has reduced demand for human labor, reduced wages for the average worker (or they got laid off / became temps), reduced the prices of mass produced goods, but the cost of real estate keeps rising.