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Martin Ford has one argument to make -- the robots are coming! :( -- and he makes it again and again in any context possible, even when that point is a rhetoric
by vonnik 11y ago
Martin Ford has one argument to make -- the robots are coming! :( -- and he makes it again and again in any context possible, even when that point is a rhetorical stretch. China has a lot of problems, many of them on a grander scale than any other country because of the size of its population. The robots are no where near the top of the list. The real issue here is that China has succeeded so well at manufacturing that it is no longer the center of low-cost labor that it once was. When wages rise, capital is substituted for labor; i.e. companies rely incrementally more on robots than humans. Not a lot new there.