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

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Abstract

An analysis suggests labor issues like higher wages and hiring difficulties have prompted some firms to invest in automation, leading to productivity growth.

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  • Mick Dueholm & Aakash Kalyani & Serdar Ozkan, 2024. "Does Worker Scarcity Spur Investment, Automation and Productivity? Evidence from Earnings Calls," On the Economy 98455, Federal Reserve Bank of St. Louis.
  • Handle: RePEc:fip:l00001:98455
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    File URL: https://www.stlouisfed.org/on-the-economy/2024/jun/worker-scarcity-spur-investment-automation-productivity-evidence-earnings-calls
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    Keywords

    worker scarcity; wages; hiring; automation; productivity growth; earnings calls;
    All these keywords.

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