4 ms·

Another key trend to consider - China's labor costs are growing up to 2x per year: https://www.newyorker.com/magazine/2017/10/23/welcoming-our-new-robot-overlor

Another key trend to consider - China's labor costs are growing up to 2x per year: https://www.newyorker.com/magazine/2017/10/23/welcoming-our-new-robot-overlords https://www.newyorker.com/magazine/2017/10/23/welcoming-our-... China's push for AI is a recognition that the loss of one advantage (cheap human labor) could be replaced by another (cheap machine labor).

rahimnathwani 9y ago
They're not growing 2x every year. Even the article you linked says "“China’s labor costs are increasing, or doubling, every few years,”" In any case, the advantage of cheap human labour has already been replaced by what you call 'cheap machine labour'. China has been able to dominate manufacturing in large part by giving companies access to cheap capital, which allows them to invest in machines. Silicon chips aren't made by hand. PCBs aren't soldered by hand.