Socialism

We have a falling job rate, and a highly globalized workforce that is still climbing the population curve. Do the math.

Yeah, that will not happen. People need security, either for themselves or for their family, then you have peer pressure and social obligations. People rarely quit nowadays. Why would they in the future?

There's one before that too:

Workers: well at least prices will go down in aggregate, so our dollars will be worth more due to deflation

nah what actually happens is that capital brings out the pigs and the army and the propaganda and most of the time win, its almost like we need to organize on a bigger scale and all work together and hold the power of the sate ourselves rather than letting capitalist run a dictatorship, idk maybe something like a dictatorship of the workers or something.

Someone didn't read about how automation serves to discipline workers and make it even harder to collectively bargain I see

If that's how the story ended then the standard of living wouldn't continue to decline for the workers.

That's one potential ending. The other is making people homeless than then making being homeless illegal and using that as a threat against the remaining people...