Earlier quoted context omitted.
That will happen for automation and manufactured goods, but not for assets and anything else leveraged. If anything the in-deflation we are seeing today will be amplified as central banks will be forced to keep money cheap to avoid total deflationary collapse. Picture a $5 million starter home that costs This is what a post-scarcity society in denial looks like. The reason cities like SF and NYC and London already lo…
Can you recommend any further reading for in-deflation?
So far this has been driven mostly by outsourcing, not automation. When automation really kicks in with good AI, it's game over. There will be universal basic income or blood in the streets.