|
Rise of the machines: America’s jobs challenge
Wednesday, October 19th, 2011
October 19, 2011
Since 1999, business investment in equipment and software has surged 33 per cent while the total number of people employed by private firms has changed little. The gap between man and machine widened even further after the 2008-09 recession, helping explain why the United States is struggling to bring down an unemployment rate stuck above 9 per cent. The revolution in information technologies is taking a deeper and deeper hold in the U.S. economy.
Tags: economy, globalization, standard of living, youth
Posted in Debates | No Comments »
Recent Comments