Capital Never Rests

Decent piece in today’s NYT about the march of automation. Among the facts disclosed:

The [cotton thread] mill [in Virginia] produces 2.5 million pounds of yarn a week with about 140 workers. In 1980, that production level would have required more than 2,000 people.

140 is one fourteenth of 2,000, for you math jockeys. So, 100% of the output with 7% of the workforce.

Made in America - Bayard Winthrop of American Giant