Future interest rates could go even lower due to... robots

02/02/2016 - 06:20

Simon Kennedy | @simonjkennedy


If robots rise, interest rates will fall.

That was the assumption of delegates at the World Economic Forum’s annual meeting in Davos, Switzerland, as revolutions in automation and artificial intelligence reshape how economies work.

The argument goes like this: As machines become more and more advanced, many workers will lose their jobs and others will see their wages fall.

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