"Automation Fills Labor Shortage as Robots Replace Workers in US Companies"

The US economy's surprising resilience despite high interest rates and low unemployment can be attributed to a surge in productivity, driven by companies investing in automation and advanced technology to compensate for chronic worker shortages. This productivity boom has allowed for increased output per hour, boosting profits and wages without causing inflation. The Federal Reserve's aggressive rate hikes have managed to cool inflation while causing minimal economic hardship, and the economy's steady growth is partly attributed to the greater efficiencies achieved by companies. The use of automation and AI is expected to sustain these productivity gains, and workers are finding better-paying and more satisfying jobs as a result.