January 25, 2014
AN EASY CAPITALIST CHOICE--EFFICIENCY OR EMPLOYMENT:
Why Hiring Lags Behind Even as U.S. Factories Hum (THEO FRANCIS, Jan. 22, 2014, WSJ)
Posted by Orrin Judd at January 25, 2014 8:10 AMPrime-Line quickly ramped up production. It still relied on employees, many earning $9 to $10 an hour, to move medium-density fiberboard manually between machines that sawed, molded and primed it.Automating the line in 2011 roughly doubled the plant's efficiency, letting it produce 100,000 feet of molding with about six people, instead of 12, Mr. Feeney said. The company's workforce, then about 55, fell to about 40 early last year, though average pay rose to about $15 an hour.