Is Technology Investing Deflationary?

Technology enables a person to be more productive, so you can sort of get more value out of less labor. But if the definite definition of inflation is it costs more to get the same value, then technology seems definitionally to allow you to get more value for less input cost. So we're in thi labor shortage, which we think is actually fairly structural. It was probably accentuated by the pandemic, but had started before the pandemic,. Birth rates are down 20 years ago and an emigration being down starting around four years ago. And so we have to now, we have to solve this with technology. We don't want too much growth or hyper growth, but we want