Issue #391
7 Apr 2024
BBC Economist Editor Faisal Islam with a fantastic tweet thread of Chinese smartphone maker Xiaomi’s sensational debut as an EV manufacturer, selling over 100,000 cars in 72 hours of launch. The innovation may be less in the vehicle but more in the highly automated ‘dark factory’ in which they were made. The AI / Automated future will collapse the costs of goods & services (great for consumers, cost of living) precisely because they reduce the most expensive input - human workers (not so great for said workers). Entire thread is well worth the reading