Catherwood LibraryILR School

Companies around the United States have dealt with worker shortages over the past few years, and it has become increasingly difficult to fill all the vacancies. Companies have begun investing in and using robots and machines to deal with worker shortages, and companies have also trained workers on how to use machines to do work more efficiently. The increased use of machines has led to an increase in productivity, which is surprising in the current United States economy. The United States economy has been experiencing high interest rates as the Federal Reserve is attempting to reduce inflation which typically leads to an economic recession. However, the economy has stayed strong, growth has occurred, and unemployment has remained low. This likely can be attributed to the increased use of automation that has improved productivity and efficiency.