Any thoughts about what will happen when there are no longer really cheap places to move to?

Productivity will equalize and then growth will slow. When I'm pessimistic I fear every national economy will look like Japan's as soon as we catch up.

1Lumifer6yThe robots will take over. That's not a joke -- industrial automation is proceeding at a rapid clip and the range of jobs for which you want dumb but cheap human labour continues to contract.

Open thread, Nov. 17 - Nov. 23, 2014

by MrMind 1 min read17th Nov 2014329 comments


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