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How a hidden tax affects consumers purchasing

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Question: As AI continues to affect the U.S. labor force, especially E-Commerce (i.e. Amazon video series - ref. link in Articles & Presentation list) describe one area of commerce where the labor force could benefit from AI. Include an example to support your description. Discuss how using AI to complement human labor in E-commerce could impact the ratio of household income to GDP. Emphasize how a "hidden tax" (inflation) affects consumers' purchasing power and also how revenue increases (as a result of higher prices) put businesses (and some consumers) into a higher tax bracket.

Reference no: EM133599783

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