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The factory jobs were doomed anyway. Look at American steel production. We produce 80% of the steel we used to, but only employ 20% of the workers. And in a few
by Houshalter 9y ago
The factory jobs were doomed anyway. Look at American steel production. We produce 80% of the steel we used to, but only employ 20% of the workers. And in a few years it will probably be a lot less than that because of improving automation technology. Does it really matter if it was a Chinese or a robot that took your job?
Economically it's superior. If a robot, or a Chinese factory, can produce goods cheaper, why not take advantage of it? Cheaper goods benefit everyone. The pie isn't finite. A more efficient economy means a bigger pie, not fewer slices.