It's more complicated than that. Our labor market is very expensive. By that, I don't mean workers are well paid; only that they're very pricey compared to much of the rest of the world. China and India, for example, are only beginning to develop a middle class, so they can afford to pay their workers less than we do.
Here in the U.S., we're already in a post-industrialist age. We're a service economy. The rest of the world will follow, and pretty quickly. Machines are more reliable than people, and less needy. We've known that since the guy who invented the wheel threw a whole lotta people out of work.
In this century, most manual labor will be performed by robots. Why not? We can all think of many reasons, but it WILL happen. We need to start thinking about what's in store for us (some of us; not me; I'm old) several decades from now.
I didn't support Andrew Yang as a presidential candidate, but these are issues he raised, and he was right to do so. We should all listen, and make some plans before things get a great deal worse than they are now.
