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Does Worker Scarcity Spur Investment, Automation and Productivity? Evidence from Earnings Calls
Abstract: An analysis suggests labor issues like higher wages and hiring difficulties have prompted some firms to invest in automation, leading to productivity growth.
Keywords: worker scarcity; wages; hiring; automation; productivity growth; earnings calls;
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https://www.stlouisfed.org/on-the-economy/2024/jun/worker-scarcity-spur-investment-automation-productivity-evidence-earnings-calls
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2024-06-18