I think wealth and income equality will just get worse with this and it will be very difficult for society to deal with. The poor will have much less jobs available (and what is available will have lower wages due to increased competition). This will make class warfare issues much more difficult within countries. This will lead to increasing taxes on the rich. However with increased globalization, the richest can just easily move to lower tax country. I'm not sure how western countries will be able to deal with this (at this point there's no way they're ready).