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Open original source ↗The biggest disinflationary shock in history is close.
AI and robotics aren't just filling the productivity gap left by an aging workforce. They're pulling down the cost of everything at the same time.
You can already see it. A few years ago you'd rarely see an autonomous vehicle outside a handful of test cities... now they run commercial fleets across the US, coming for rideshare and taxis. Every one of them is a driver who doesn't sleep, unionise, or ask for a raise.
When China joined the WTO it flooded the world with cheap labour and held inflation down for two decades. What's coming now is far bigger.
People are accepting it faster than any technology in history, and the reason is simple. There is no other choice.
This is what The Exponential Age looks like at street level. I mapped out the whole thing on Tuesday: https://t.co/ufC5cTClml
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RaoulGMI ↗