3 ms·
To be honest, capital vs job growth has been delinked locally, but I suspect it is still linked globally. A huge number of people in India and China are now em
by intended 14y ago
To be honest, capital vs job growth has been delinked locally, but I suspect it is still linked globally.
A huge number of people in India and China are now employed for example. The tablets being bought and sold around the world are being manufactured somewhere.
I am a bit surprised by the comments here, which constantly look temporally, while the issue really is geographic.
China/India/Brazil and the third world workers endure horrible conditions to create work.
They are cheaper than automation.
Its only once they start unionizing, and fighting for their rights (after they have been able to improve their country in the first place), that the automation starts appearing in their countries.
In essence, isn't work going to those most capable and efficient at working at it, with lip service being paid to labor and human rights?
- svantana 14y ago> that the automation starts appearing in their countries Well automation is already happening there - do you think the ipads are built entirely by hand? Automation will continue to increase globally whether they unionize or not, those types of things will only accelerate an inevitable process.
- intended 14y agoI'm looking at a plant to manufacture/assemble gen sets in India, and over time its been moved slowly from manual labor to slightly automated. China is far from fully automated though - witness Foxconn finding that its workers are asking for more, and their search to replace people with machines.