RE: Automation Happening Right Under Our Noses...And We Missed It

I would say that a lot of companies are going to automate many of the processes meaning they can hire less people when things do turn around.

This is exactly what happened in the oil industry when it crashed in 2014. More than 300,000 people were laid off from the fields in West Texas and, two years later, only 170K were rehired. At the same time, deep water rigs saw the number of people needed drop from 25 to 5, an 80% reduction.

There is now incentive for companies to do it. After all COVID taught companies people are health risks which can halt their entire business.

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