December 15, 2013
THE END OF JOBS:
Fed Stimulus Blunted as Software Replaces Hardware (Craig Torres and Ilan Kolet December 09, 2013, Business Week)
Posted by Orrin Judd at December 15, 2013 2:20 PMMike Nobis saw how the financial crisis led his customers to postpone orders until the last minute, forcing his 100-year-old family printing business to work faster to deliver on time.Instead of adding more people or machinery, he found the solution to the new business demands in a piece of software."We are investing a whole lot more in the software we are using so we can use less and less employees to do the exact same work," said Nobis, president of JK Creative Printers & Mailing, of Quincy, Illinois, which produces items from business cards to catalogues.Nobis's strategy is being replicated at companies around the U.S., where investment in software is up 19 percent since the 2007 business-cycle peak, while spending on hard assets has slumped. Executives are taking less risk on physical assets such as computer hardware, machinery or warehouses, and using software to increase efficiency or reach customers on the Internet.