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You're missing the point that if automation does all the work there is no competitive reason not to lower the price down to near 0 (or the cost of capital, whic
by maerF0x0 11y ago
You're missing the point that if automation does all the work there is no competitive reason not to lower the price down to near 0 (or the cost of capital, which at current interest rates is VERY low).
If I can get land, put robots on it and churn out apples, all entirely without my labor, and I can borrow the money for near free, at what price could I sell said apples for?