From WSJopinion: Companies are racing to automate, as older workers and parents work less or quit, writes BillGalston
Economic forecasting is a tricky business—at best, an art rather than a science—and even the best observers get it wrong sometimes, as the Federal Reserve Board has this year with inflation. Disjunctive events, such as a pandemic, make predictions even more difficult.
No doubt the pandemic has accelerated changes that were already under way. But there is also mounting evidence that the pandemic is triggering changes that wouldn’t have happened otherwise.
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