I’ve written a couple of times over the years about the threat to jobs by technological automation and several pieces of news this week feels make now feel like an appropriate juncture to pick up the thread again. For a primer on the relationship between interest rates, job automation and inflation, have a read of this piece where I discussed some of the considerations facing the Fed. Of importance will be the basic understanding of the traditional interpretation of the Phillips Curve. An economic idea which fairly effectively conceptualised the basic principle that the level of unemployment within an […]
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