It's also a problem, longer term, if you are an entrepreneur. Initially it starts as "lower costs", but with an impoverished middle class, you soon find there are not that many people to buy your fancy products and services.

Automation is only good is it's combined with a scheme for the surplus of labor -- e.g less hours work week, creation of new kind of jobs, etc. Without that is a huge creator of poverty and inequality, and eventually the collapse of a market economy.