Comment by cal_dent

but doesn't this implicitly assuming the reduction in labour cost and household income is like for like price reduction. When there's probably just as likely (& if not more) that the reduction in household income is lopsided so overall ability to purchase is reduced. You'll then need fewer people to buy more to make up for the loss of some buyers which is unlikely for many goods.

I do think the idea that AI is good for economic growth is for the fairies personally under the current model. I cant square the circle of a consumer based economic model will see higher growth by the apparently significant reduction in said consumers income.