The Future of Productivity: Demographic Trends and Labor Shortage
“Kedrosky and Norlin believe demographic trends will ultimately lead to a drastic decline in overall productivity as industries like retail, manufacturing, and health care struggle to fill open positions. There’s some indication that those trends are, in fact, here to stay. The overall labor force participation rate is still about a percentage point lower than it was in February 2020. In a workforce the size of the U.S.’s that can equal several million workers."—A.I. came at ‘perfect time’ to save the economy, VC says | Fortune
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