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New Technology Boosts Texas Firms' Output, Alters Worker Mix

Emily Kerr, Pia Orrenius and Christopher Slijk

A Federal Reserve Bank of Dallas survey of manufacturing and services firms in Texas found that as companies adopt new technologies, the number of workers is little changed though the employees’ skill levels shift. While some manufacturers see tighter margins as a result of technology and globalization, service sector firms may realize increased pricing power.

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