More jobs being destroyed than built means less money to spend by individuals, which means less profit, which means lower expectations, rinse repeat in a loop.
This is the deflation doom spiral, and the companies causing this cycle like most other problems think, this is a problem for next quarter; each time.
Sometimes making something cheaper to make, just means you make more with the same people as demand is elastic and price driven.
The other question is if you need less people ( less say for farming ) is there anything else these people can do ( ie work in factories ) - that depends on whether there is fundamentally enough tasks to go around.
If you look globally it's quite clear that even the basics - like clean water, enough food and decent housing hasn't been sorted. ie there is plenty of work still to do done.
Flatcircle•17h ago