Is the pandemic accelerating automation? Don’t be so sure
The pessimists could, of course, eventually be proven right
AS ECONOMIES REOPEN, labour shortages are still worsening. In America the number of unfilled vacancies, at 9.3m, has never been so high. Job postings in Canada are 20% above pre-pandemic levels. Even in Europe, slower out of the post-lockdown gates, a growing number of employers complain of how hard it is to find staff. Debates over labour shortages have focused on welfare policy and economic disruption. But the phenomenon has a deeper lesson. It tells us something about the myths of automation.
This article appeared in the Finance & economics section of the print edition under the headline “Stay of execution”
Finance & economics June 19th 2021
- Uneven vaccination rates are creating a new economic divide
- Will America’s housing boom lead to another financial crisis?
- Why China has learned to relax about its currency
- America’s high-yield debt is on ever-shakier foundations
- The methods and menace of the new bank robbers
- Is the pandemic accelerating automation? Don’t be so sure
More from Finance & economics
China meets its official growth target. Not everyone is convinced
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
Ethiopia gets a stockmarket. Now it just needs some firms to list
The country is no longer the most populous without a bourse
Are big cities overrated?
New economic research suggests so
Why catastrophe bonds are failing to cover disaster damage
The innovative form of insurance is reaching its limits
“The Traitors”, a reality TV show, offers a useful economics lesson
It is a finite, sequential, incomplete information game
Will Donald Trump unleash Wall Street?
Bankers have plenty of reason to be hopeful