Robots will help beat inflation

According to Ben Laidler, Global Markets Strategist at eToro, labor shortages and rising wages are driving a structural expansion of automation and robotics to increase productivity. This is a key driver of high capital spending by companies, especially as it is now more difficult to move select company processes overseas.

"This is because companies are trying to defend high-profit margins. For example, the number of industrial robot installations has tripled over the past decade.