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Old 08-13-2021, 06:09 PM   #376
GGG
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Automation is incremental improvement. It’s difficult to attribute within the noise of the rest of the economy.

I would argue that any instance of a good rising at a rate lower than inflation is a result of automation of one kind or another.

But if you really want one example the assembly line made automobiles go from a luxury good to consumer good.

Also if you accept the statement that automation decreases the cost of producing a good then somewhere there exists an example where the price went down as a result just based on laws of large numbers whether Bo Levi is able to produce the example or not.

Last edited by GGG; 08-13-2021 at 06:12 PM.
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