The metric Walsh is watching — labor cost margin — is essentially the financial expression of all of this. It captures the substitution of technology for labor, the expansion of capacity without proportional headcount growth, and ultimately the productivity gains that every CEO is under pressure to deliver. And that pressure is real, he agreed, as every CEO is under the microscope, expected to increase that labor cost margin.
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The conversion hinges on the ability to remove the need to “remember” partial computations, rendering a stateless solution.