Well we still have demand in the equation. If demand for service workers grows, so will their compensation. (And so will the cost for those services.) So the possibility is there.
People with more disposable income (the high-productivity ones I guess) demand more services. The question will be whether that demand will grow sufficiently to raise the compensation to where we want it to be.
What I also don't know is how we will respond to service jobs being automated. "Premium" service usually shuns automation. Will we have fewer fast food workers and more massage therapists?
Well we still have demand in the equation. If demand for service workers grows, so will their compensation. (And so will the cost for those services.) So the possibility is there.
People with more disposable income (the high-productivity ones I guess) demand more services. The question will be whether that demand will grow sufficiently to raise the compensation to where we want it to be.
What I also don't know is how we will respond to service jobs being automated. "Premium" service usually shuns automation. Will we have fewer fast food workers and more massage therapists?