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Dallas Fed Conference Surveys Impact Of Technological Change

"Summary
° The low cost of capital has allowed new competition to flourish but may in fact be wasteful in terms of supporting failure.

° Technological change is touching virtually every business and its impact varies from adding cost, increasing access to markets, and new product and processes development to reducing margins.

° Retailers are trying to become more like tech companies and tech companies are trying to be more like retailers, ie. the Amazon effect.

° There were mixed perspectives about how technological change affects the labor force based on industry, but no industry is immune."

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