>I hope that the spokesperson was speaking the truth when they said that the increased automation would not lead to long-term loss of employment. This is of co

>I hope that the spokesperson was speaking the truth when they said that the increased automation would not lead to long-term loss of employment. This is of course untrue (its technically true as foxconn hires a lot of temps/seasonal/demand workers it doesnt consider employees). I think China is in some deep water when it comes to automation. Their main productivity is based on having lots of cheap human labor. If they're not careful, they'll fall into an India-like slump where over-population means lots of servants and such, but no real industry, growth, or innovations. Addidas is moving back to Germany soon also. They are opening a fully robotic factory. This stuff is moving fast. Jobs are definitely going to evaporate here. China is probably headed for another peasant revolution sooner than later if this moves too fast. Building your economy on making other people's things isn't a smart move. http://www.theguardian.com/world/2016/may/25/adidas-to-sell-robot-made-shoes-from-2017 http://www.theguardian.com/world/2016/may/25/adidas-to-sell-...