Unemployment is pretty low right now, where will you find the staff for that?
For once companies could downsize not because they want to fire people but because there is an excess of jobs. There are many many businesses that produce in excess (take the clothing sector for instance) or others that have already hired beyond sustainability (software and tech). Many governments also have programs to hire in excess for non-required roles to reduce unemployment. There is so much room for optimization but realistically with other effects like average number of kids per family decreasing some degree of automatization beyond what we have now and some change in people’s lifestyles will be required too.
Suddenly everyone has a shit ton more money and you think demand wouldn’t go up?
Production would actually have to increase.
some may fall into rampant consumerism even more, but some (hopefully many) will come out of it because they have money and time for decent hobbies actually. so instead of buying tons of easily consumable crap stuff of every kind to pass whatever little time they have, instead they will focus on buying less but more decent of the stuff they are really interested in.
