Well I'm thinking far into the future; like 50 years, not so much short-term. I expect we'll have more clever solutions to problems in the future.
As I said, there's a floor to the price of food since farmland is somewhat limited. That said, the tractors and equipment in the process of food production will drastically reduce in price, and assuming energy is cheap due to automation building power generation, there will be additional price reductions. The savings doesn't come from eliminating a few farmers so much as the cost to do everything down the line will be reduced.
You've reiterated the point I had that resource depletion will be the inevitable problem caused by automation. That will oppose the trend towards zero marginal cost.
|