The rise of the robots and decline of inflation: How AI is keeping prices low

in #robots5 years ago

Could inflation be a thing of the past?

Robots and AI are working towards keeping inflation in check. The spread in the use of these technologies are making things less expensive for consumers while also keeping margins for companies.

Amazon is one of the leaders in this field requiring only one minute of human interaction to get products on a truck. This is a stat they are looking to get lower.

Grocery stores are also implmenting technology to keep their prices down.

This is putting the Fed in an odd position. They are not having to raise rates in spite of circumstances which would usually require it.

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