You are ignoring the 'Optimus' angle. Maybe Elon's stupid robot can actually do something and he has been whispering this into Trump's ear. That would take care of the labor cost issue. Lets see what happens.
Hahahaha. Wait. Are you serious? Elon has been promising all kinds of things AI that are "just around the corner" for at least a decade now. It's always in the next year or two. There is no chance they cracked autonomous robots with those puppet bots they were showing off not long ago.
Leaving only the "there is nobody who can afford to buy anything because there are no jobs left" issue.
If you reply with "but surely BASIC INCOME" then I must ask, what are you personally doing to help make that happen?