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Man vs. Machine, a Jobless Recovery
Timothy Aeppel
01/17/2012
online.wsj.com
In no other U.S. recovery since World War II have companies been simultaneously faster to boost spending on machines and software, while slower to add people to run them.
Part of this is the old story of substituting capital for labor. But a combination of temporary tax breaks that allowed companies in 2011 to write off [...]
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