Eventually most jobs will be replaced by robots.
This. Even many interactive jobs will be replaced by computers and AI. It is inevitable.
How that change will impact our economy is the million dollar question.
Well, unless the robots pay taxes and buy stuff, I’m gonna say the effect will be negative.
The electric powered drill replaced the manual drill with a hand crank in the 1950s and the electronic calculator replaced the slide rule and productivity soared.
People used to work 80 hr, 7 day work weeks toeing at drudgery work conditions.
It used to be that items were so expensive that they were repaired or rebuilt, but with automation it's cheaper to just go buy new when an item wears out.
The new normal follow on can be seen in the smart phone world model where consumers buy a new phone every year or so , not because the phone is worn out, but instead replace their like new iPhone 6 with an iPhone 7 because its cost effective to replace with new technology.
In the future, expect to see shorter work weeks, more time to pursue interests and lower cost consumer goods.
The only to create wealth is to produce things that cost less to produce than they are worth. If robots can do that, they have the potential for generating great wealth.
Wealth is good for everyone. The Scrooge McDuck version of wealth, where the rich spend their time on bulldozers pushing piles of gold into their vaults works only for those with the minds of children. Real wealth is put back into the economy and everyone benefits. Real wealth is not created by hiring some to dig holes, and then hiring others to fill the holes.