The industry I'm most curious about with respect to the downward ramp is medicine. The hollowing out and automation is likely to happen with doctors more than nurses. With that in mind, will doctors suffer the most or will they push out the nurses underneath them.
1) What if you had a brother with an IQ of 98. Would you rather he had a respectable factory job, or become homeless?
2) Are you aware that many of the least-tradable services are the least "cognitively demanding"? So I guess you want to tailor the bell curve of the population so that everyone is either > 120 so that they can do very highly cognitive work, or < 80 (so that they are content doing extremely menial work). Isn't it a little inconvenient that around 68% of the population is 85-115 IQ?
Rereading it again. He basically foreshadowed Amazon warehouse workers. Though he may fall short on the leap from Amazon to the rest of the working class.
It was interesting to see where one futurist believes we could go.
All the people getting replaced by automation will be less able economically to buy stuff, use services - and pay taxes. Automation removes a lot of costs, frees up a lot of resources and increases profits. But all those positive effects does not compensate for the negative effects unless there is real net gains. For most of the society.