To complete the thought: all that efficiency and productivity supports lower prices, but it also means fewer jobs, especially locally. Put in autonomous delivery and we’ve got a potential employment problem, especially at the lowest wage tiers, brewing.
I don’t think the yield curve inversion is very meaningful for now, but it is a signal to watch. There are plenty of signals starting to emerge, the question is can we grow fast enough in other sectors/ways to compensate, and is labor sufficiently mobile (skill and geography) to adapt without an economic disruption (recession).
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