WASHINGTON, Feb 8 (Reuters Breakingviews) - The U.S. labor shortage isn’t going anywhere, at least according to U.S. Federal Reserve Chair Jerome Powell.
Worker productivity, measured as output per hour, fell last year and still sits below the late-2021 peak.
If the shortage is, in fact, structural, robots offer businesses an alternative to increasingly expensive labor.
A burrito-rolling bot might not replace workers quite yet, but planning for it could be prudent amid the hiring rat race.
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