Submitted by giteam t3_y9padn in dataisbeautiful
jffrybt t1_it82ube wrote
Reply to comment by hacksoncode in [OC] Inflation rate and nominal interest rate by giteam
Automation is its own supply and demand and growth limitations. You could flood it with capital, but if every company seeks to increase automation simultaneously, you won’t see an actual increase in automation. You’ll see an increase in the price of automation and an increase in job listings in automation.
Exact same position we are in.
Supply building is slow.
Demand is now.
And you can bet your ass companies are building automation. Long term job destruction is happening behind all of this.
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