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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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2024-06-18