Productivity is up in retail and other low-paying sectors as tech replaces relatively expensive humans
Walk through a supermarket and the technology is everywhere. Self-service checkouts, electronic shelf labels, handheld barcode scanners, and the video screens showing you – caught by AI facial recognition cameras – leaving the shop.
In an economy struggling for growth, the encroachment of these machines in our everyday lives could be an early sign of a new dawn – a tech-driven renaissance in activity, after years of flatlining growth in productivity and stalled business investment. No bad thing.
