“The glass-half-empty version is that the people who are most vulnerable to some of these shifts are some of the lower-paid folks in the economy,” he said, adding, “The glass-half-full version is if we’re actually able to transition them through re-skilling, etc., then they could be taking on roles that actually have higher incomes. If we can make the labor market work by enabling these transitions, it’s actually all for the good.”

The half full narrative is both naive and unrealistic. Even if lower paid people universally get paid more landlords and food providers will just raise prices because they can. The last three years proved that.