Since machines can do a lot of the "real work", yes. Our methods of income distribution may need to change if robots become the "new slaves". We can maybe learn something from ancient Greek society. Our current problem is that the wealth is not trickling down from the machine owners to regular folks.
Comments
It may well be the case that the steady state is '~everyone is poor'.
Can the world function if everyone lives the life of a 50-100K/year income American?
Since machines can do a lot of the "real work", yes. Our methods of income distribution may need to change if robots become the "new slaves". We can maybe learn something from ancient Greek society. Our current problem is that the wealth is not trickling down from the machine owners to regular folks.