INTEGRITY NEWS
Vol. IX  No. 6
ISSN 1081-2717
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Business Week

March 20, 2000   

Companies are turning 
a labor squeeze into a 
swell of productivity.

Tight Labor ?
Tech to
the Rescue

The tightest labor market in thirty years hasn't 
impacted Corporate America quite as negatively 
as some might think.  Instead, productivity levels 
in many companies are either stable or are 
actually increasing, thanks to the help of 
continually evolving technology. 

"Indeed, the challenge of doing more with fewer
people is triggering a big uptick in spending on
business equipment."  The issue of finding good 
employees to hire in a market where the jobless 
rate is a mere 4.1% is considerably lessened 
when technological advances and automation 
are brought into the workplace.  Experimental 
equipment continues to become mainstream 
as companies invest in this manner to save on 
both costs and labor.

These innovations produce advantages for 
consumers as well.  Automated products have 
become increasingly available and popular, from 
ATMs to self-scanning checkout systems in 
grocery stores to airport kiosks which can 
dispense boarding passes.  E-commerce 
contributes the ease of online shopping to 
consumers while it also enables corporations to 
become more powerfully efficient.

Not only is technology making significant strides 
in how companies do business, but it is also 
advancing the quality of life.








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