Does Worker Scarcity Spur Investment, Automation and Productivity? Evidence from Earnings Calls

Mick Dueholm, Aakash Kalyani and Serdar Ozkan

On the Economy from Federal Reserve Bank of St. Louis

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 (search for similar items in EconPapers)
Date: 2024-06-18
New Economics Papers: this item is included in nep-eff
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:98455

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