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You seemed to have missed the option that has been driving economic growth for centuries: improved worker productivity through improved technology and methods.
by nutjob2 7y ago
You seemed to have missed the option that has been driving economic growth for centuries: improved worker productivity through improved technology and methods. A machine can work cheaper and faster than any Chinese worker. Eliminating work is even more efficient than that.
So basically work smarter than harder or cheaper. The way to compete with the Chinese is through better ideas.
- varjag 7y agoThat's the theory we heard since 1980s: then Japanese robots will run over everyone. In practice however, you have Chinese workers instead. Outside some very high volume, certain simplicity manufacturing processes it's still mostly manual labor on assembly line.
- nutjob2 7y agoYes manual labor is used when it makes economic sense and automation is the same. Robots did indeed take over many tasks, but people still exist and still want to work so they do stuff too. The idea that automation means people can't or don't work is a fallicy.