Many Workers Haven't Returned; Could That Lead to More Automation?
As schools return to in-person classes and pandemic-restrictions are reduced, Virginia's economy is still missing many of the workers from before the pandemic.
Across Virginia, many workers have yet to return to the workforce. Whether that's because of child care or concerns about the delta variant or whatever the reason, it's creating pressure on businesses who are increasingly desperate for employees.
Michael Farren at George Mason University's Mercatus Center says a jobless recovery could lead to increasing automation — robots essentially doing the work humans used to do.
"My fear is that the last workers that finally say, ‘OK I'm going to start looking for work and get serious about this now.’ They're going to discover that the demand for labor has been reduced," Farren explains.
Leslie Stratton at Virginia Commonwealth University says the idea that robots might pick up some of the work that humans used to do actually has an upside.
"There's also a push in some areas anyway to reduce the number of hours and the number of days one works in a week, Stratton says. "So maybe with increased use of technology that might increase productivity and allow people to work fewer hours in a week and yet take home similar size paychecks. So there is an upside to this as well, potentially."
She also says increased automation will have a cost; people who were employed in jobs that become automated will have to retool and reskill in order to find work when they're ready to return to the workforce.