RE: Productivity J Curve: Get Ready For A Massive Increase
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I don't see the costs being pushed down anytime because the government is throwing out a bunch of government hand-outs. Most of the people who feel under rewarded won't really go back unless they are forced to. So I think companies will go towards automation because they won't really be able to pay those high prices.
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As wages head up, there is more incentive to go automation. So it will actually accelerate the process even more.
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