In the ongoing discussions about unemployment and how to get people back to work, the issue of automation is, in my opinion, too often ignored. Politicians and the media tend to get focused on red meat topics like off-shoring and NAFTA, all the while brushing aside what I believe to be the largest challenge to current employment, let alone job growth.
Case in point: Company A has been in existence for nearly a half-century, and generates slightly over $192,000 in revenue per employee. Company B has been around for fifteen years, and generates nearly $1.18 million in revenue per employee.
Here is the rub: Both Company A and Company B are in the exact same industry.
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