Perceived Impacts of Technology Use on the Productivity of US Manufacturing Businesses

Todd Gabe, Elinor Hunt and Andrew Crawley

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the perceived effects of technology use on the employment, revenue, and productivity of US manufacturers. Results from a 2023 survey of US manufacturers (n=268) show that 48% of the surveyed businesses perceive that technology use has “no effect” on employment, 16% perceive positive impacts and 12% feel that technology use lowers the number of workers employed by the business. By contrast, only 21% of the surveyed US manufacturing businesses believe that technology use has no effect on the company’s annual revenue, 50% perceive positive impacts, while just 5% feel that technology use has a negative impact on revenue. Taken together, survey results suggest that technology use increases the productivity of a hypothetical US manufacturing business by an average of 9.2%. When companies that do not use technology are removed from the analysis, the perceived positive impact of technology use on productivity rises to an average of 12.1%. Future research will take a more in-depth look at the effects of technology on manufacturing productivity, with a focus on the differential impacts of specific types of technology.

Keywords: Technology use; US manufacturing; productivity (search for similar items in EconPapers)
JEL-codes: L60 O32 O33 (search for similar items in EconPapers)
Date: 2024-09-01
New Economics Papers: this item is included in nep-eff
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