June 30, 2004

RFID Will Lead to 4 Million Lost Jobs

Firms employing RFID will spend billions of dollars over the next several years in hopes to cut costs in the long run. This could mean lost U.S. jobs, however, according to a study performed by Yankee Group.

According to EETimes:

"Manufacturers are expected to spend as much as $5 billion over the next three years in hardware, software and services related to data-collection technology, radio- frequency identification, Yankee Group said. In deploying RFID, however, 4 million jobs in the U.S. alone are expected to vanish." Read more

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