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The current labor shortage will further drive all types of automation, even at the professional level and there will be no going back. The epidemic is going to cause many unexpected advances in technology, just like wars have. This will change the world, just as cheap cell phones and computers have. Automation and robotics will further drive demand for semis of all types. When businesses get desperate, is when they adapt and change the most.
After a normal recession, there are usually five or six unemployed people per job opening. Right now, it’s less than one. ZipRecruiter CEO Ian Siegel, on how businesses are coping.
The current labor shortage will further drive all types of automation, even at the professional level and there will be no going back. The epidemic is going to cause many unexpected advances in technology, just like wars have. This will change the world, just as cheap cell phones and computers have. Automation and robotics will further drive demand for semis of all types. When businesses get desperate, is when they adapt and change the most.
After a normal recession, there are usually five or six unemployed people per job opening. Right now, it’s less than one. ZipRecruiter CEO Ian Siegel, on how businesses are coping.
The current labor shortage will further drive all types of automation, even at the professional level and there will be no going back. The epidemic is going to cause many unexpected advances in technology, just like wars have. This will change the world, just as cheap cell phones and computers have. Automation and robotics will further drive demand for semis of all types. When businesses get desperate, is when they adapt and change the most.
After a normal recession, there are usually five or six unemployed people per job opening. Right now, it’s less than one. ZipRecruiter CEO Ian Siegel, on how businesses are coping.
I think you are right. When labor gets more expensive, some additional jobs become cheaper to automate (than to have them done by humans).
Further, the pandemic makes factories more dangerous for humans, especially when there's high concentration of humans. If we replace some humans by automation, we simultaneously reduce costs and make the factory safer for the remaining humans.
Moving the factories to flyover states might be a solution for some companies, but not for all. In any case, on the margin, labor shortage and higher labor costs => automation is more attractive.
Increasing automation is a very long term trend that Covid has accelerated. I think the biggest shift is that industries that previously did not have high levels of automation, especially in the service sector, are starting to see a lot of automation. Retail is a great example of this where the shift to e-commerce is leading to the deployment of automated dark stores.
And I want to add that this is not purely a cost saving move. In manufacturing, automation is as much about quality, consistency, and safety as it is about labor cost savings. Similarly, in services automation is just as much about quality and performance as it is about cost. When you think about 2h grocery deliver, that's only possible at scale with extensive automation.
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