INTEGRITY NEWS
Vol. IX
No. 6
ISSN 1081-2717
______________________________________________
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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