Versus robots. 🤖 The flood of low cost Chinese labour will ebb, according to Goodhart and Pradhan in "The Great Demographic Reversal", leading to: higher inflation. manufacturing elsewhere becoming more competitive. ( un-paywalled from Nikkei Shimbun ) Apparently good news for those in developed nations who have long clamoured for fair prices and fair wages, and who blame globalisation for undercutting them. But when? And for how long?
dtcwee: The Value of Nothing
I try to write something smart twice a month.