Comment by edg5000

What could happen, even in countries with strong socialist worker protections (western europe) or high cost of living (US, europe, many others), is that labour will become cheaper again. We'll be "poorer", less able to import, but on the other hand may be able to do more locally. We may also see larger economic class differences, as you essentially said youself.

In a way this could be a downgrade, we'll be less incentivived to optimized or automate, and will be able to just throw bodies at problems.