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It's likely that any cost advantage that the innovators have will be short lived as competitors follow suit or one-up them. Competition will erode the profit ad
by 11thEarlOfMar 11y ago
It's likely that any cost advantage that the innovators have will be short lived as competitors follow suit or one-up them. Competition will erode the profit advantage and in the end, the consumers will benefit.
It would be interesting to see an analysis not just of automation and robotics putting pressure on employment, but the effect of same on consumer prices and cost of living.