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Automation has done more to remove manufacturing jobs than offshore by a significant margin. 50-70% of job loss and wage reduction can be attributed to automati
by sethammons 2y ago
Automation has done more to remove manufacturing jobs than offshore by a significant margin. 50-70% of job loss and wage reduction can be attributed to automation.
https://www.axios.com/2021/06/17/automation-ai-income-inequality https://www.axios.com/2021/06/17/automation-ai-income-inequa...
Even if we bring back all the manufacturing jobs we've lost, they represent fewer positions and automation will continue to be a downward force on wages.
- bavell 2y agoFactories in the US are less automated than in many foreign countries (SK, China, Germany) [0]. Same with our ports. [0] https://ifr.org/ifr-press-releases/news/global-robot-density-in-factories-doubled-in-seven-years#:~:text=North%20America%C2%B4s%20robot,%2D%20an%20increase%20of%207.6%25. https://ifr.org/ifr-press-releases/news/global-robot-density...
- sethammons 2y agoSo only more automation to come, and fewer manufacturing jobs