One Critical Way Technology Is Transforming the Economic Landscape

(Harvest) Some characterize the current economic climate as one lacking demand-driven pricing power, but we think that is a misapprehension of dynamics at play today. Rather, we think we’re in the midst of one of the greatest supply-side-driven cost revolutions of all time: the critical force being largely driven by technology’s influence on the economy. Indeed, we’re watching cash flows shift at an extraordinary pace and are seeing powerful disinflationary forces at work. In brief, a large part of what’s on display here could be described as the “Amazon effect,” which holds a powerful deflationary impact on large swathes of the goods economy.

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