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Dig: Monetary Politics w/ Tim Barker

Jacobin Radio

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Is There a Role for Automation and New Investment in the Service Sector?

Powell is wary of directly talking about the distributional impact. He would say that wage growth is good if it's consistent with price stability. Powell welcomes the idea of using robots to relieve the pressure on the labor supply instead of unemployment. But in terms of his policy, he's doing the thing that's going to make installing Robots less likely.

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