Yeah it would need a lot of thought around the incentive structures.
The original thought was that if you fully automate your own job you get your salary as a bonus. But if you fully automate someone else's job, you both split their salary 50/50 as a bonus.
Now both of you are free to work on automating other jobs in the org. So you'd end up with various teams working together to automate jobs in the org.
As a byproduct, it would also free up a lot of human capital in an organisation to focus on pure R&D and intrapreneurship.