No? You don’t only gain justification for automation by cutting costs. You can gain justification by increasing profits. You can keep the same amount of people but use them more efficiently and you create more total value. The fact you didn’t consider this worries me.
Also the statement “show why automation hasn’t taken over” is truely hysterically wrong. Yeah, sure, no automation has taken over since the Industrial Revolution
You can increase profits by cutting costs. It is remarkably easier to do in the short term. And even if you choose not to downsize you can drop/stagnate wages to gain from the fact everyone else is downsizing.
Also the statement “show why automation hasn’t taken over” is truely hysterically wrong. Yeah, sure, no automation has taken over since the Industrial Revolution