vym has a earnings yield of 6% and earnings growth of 3%
VOO has a earnings yield of 4.7% and a earnings growth of 7.9%
I would suspect you are using your reasoning to support you choosing not to save for retirement. I would advise against that. If you are unable to get a 6-7.9% return for the next thirty years I would suspect you are emotionally investing as opposed to investing on the facts! at which point i would suggest you to buy VOO and put 30% of every pay check away in a self directed taxable brokerage!
you post reads like fear mongering. watch milton friedmans video on japans steel subsidies. Americans are foolish for being upset that japan wants to sell us cheap steel, they are giving us foreign aid and it is foolish to not take it
my version would be " robots are willing to give us cheap consumer goods they are subsidizing our economy it would be foolish of us not to take that aid"
the central bank prints money and buys government bonds if CPI prices fall. you say robots will cause prices to fall. the government gives disabled people money to spend each month. disabled people are people who cannot find meaningful jobs. thus if robots do cause job loss and prices to fall more people will be classified as disabled and the government will quickly hand out free money to spend on those goods. so your post clearly shows to me that you need to learn a whole bunch more about how our current government and monetary systems operate.
https://www.dailywire.com/news/28061/watch-economist-milton-friedman-talks-steel-frank-camp
"However, it will increase employment elsewhere in America. We will pay for that steel with dollars. What will the Japanese do with the dollars they get for the steel?
...they're gonna use those dollars to buy goods and services. They're gonna spend it. In the process of spending them, they may spend them directly in the United States, and that directly provides employment in the United States. They may spend them in Brazil or in Germany or in China or anywhere else – but whoever gets them, in turn, is gonna spend them. So the dollars that we spend for the steel will find their way back to the U.S. as demand for U.S. goods and services."
hm, they took out a good part of the joke :) they could just burn the dollars. what will the robots do with the dollars they earn from producing goods? they will spend it increasing employment in other areas of the economy! so robots are not reason to think that you will not get market returns going forward! just like japan did not stop Americans from getting market returns from the 70's to the 00's
https://www.youtube.com/watch?v=0Q6S1LjU92Y not sure if this is the right video from Friedman.
milton friedman had a video about the enviroment. that we now are so prosperous in the 70's that peopel are less fearful of starving to death this comming winter and are now able to worry baout how clean their rivers are!
today people are less worried about starving this winter. people are less worried about how clean the rivers are. ok we are a bit worried about global warming. so we could dump trillions of human work hours into global warming. we are dumping millions of human work hours into appropriate sexual training. so maybe after we fix what our world looks like we will dump money into behavioral psychology and change how we behave.
people are also dumping millions of hours of their time into video games. how many people sit idly at bus stops using their phones to play games. how many people sit idly at home playing games. we can get a near infinite amount of growth in video games. a few years ago Chinese citizens were well known for playing WOW and selling virtual gold for real life items. i think even Venezuelans are doing it. so maybe the growth will come from the virtual worlds.
tl:dr; i think you are just fear mongering.