Inflation mystery. An Aha! moment for me.

[--Pete]

Hi,

It actually surprised me how little was done by automation, and how much was still hand assembly.

I did say "modern". I've gone to Renaissance fairs, but I don't assume all butter is hand churned.

There are two factors slowing automation: labor unions and cost. The first is becoming less powerful as the economy becomes more globalized. The second is becoming less important as the robots themselves are being built by robots.

Might look a little strange to us, but there's no reason to think it will cause the economy to implode.

My crystal ball is broken, and I'm not a seventh son, so I guess I'll just have to wait and see.

--Pete