>I think this is an extremely critical misconception, and it's sending the world into an increasingly bad place. They really don't, and the assumptions that underpin this statement breaks down when the elite own all the critical assets. If you need proof of this, look at how the working class is being increasingly priced out of almost all luxuries right now.
Huh? What luxuries? Us plebes can't fly business class? We can't buy that expensive handbag? A better argument would be they can't afford to buy a family home in a lot of markets but this has to do with generational wealth and a housing shortage in many parts of the USA.
> More history than sci fi, but a fair criticism. Still, I don't believe there are any "factual" refutations of my concerns, and that should be worrying.
It's economics. There is a tipping point where automation is self-undermining for capitalism. If nobody has a job, demand collapses. i.e. nobody buys the mountain of goods the robots and AI are producing.
If the economy collapses, many wealthy people would no longer be wealthy. Who is maintaining the robots that are doing everything? Other robots? Now we're getting into sci-fi territory.
Even during the industrial revolution, jobs moved from the farm to the factories. There was not a total replacement for human labor like you seem to be suggesting will happen.