This is what worries me about the AI productivity boom vs previous tech/industrial productivity booms..
We've already made most consumer goods cheap.
The goods/services that are more inflation tied - food, transport, medicine, housing, and education.. are those tethered tied to physical world where costs are driven by energy, regulatory issues, and skilled domestic labor.
This is what worries me about the AI productivity boom vs previous tech/industrial productivity booms..
We've already made most consumer goods cheap.
The goods/services that are more inflation tied - food, transport, medicine, housing, and education.. are those tethered tied to physical world where costs are driven by energy, regulatory issues, and skilled domestic labor.