It’s a Man vs. Machine Recovery

While U.S. companies produce almost one quarter more goods today than it did in 1999, companies have been relying more and more on machines. Opinions vary. Some say that machines lead to wider unemployment. Others say that machines lead to greater productivity, and therefore, more wealth. Another problem with company production is a lack of demand. Machines can churn out products cheaper, meeting targets for smaller demand. But greater demand would mean companies hiring more people.

For the Bloomberg Business article, head on over here.