“Discussion of 2014 USMPF Monetary Policy Report,” speech delivered at the U.S. Monetary Policy Forum, a conference sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business, held in New York, February 28. Stein, Jeremy C. (2013).
6 The set of tasks to perform is not fixed, a belief economists call the “lump of labor fallacy.” Rather, we need production workers to work with the new equipment and to focus on the problem-solving  According to the Quarterly Survey of Plant Capacity, over 40 percent of manufacturers report difficulty hiring workers, triple the rate before the pandemic.