Apple and Samsung supplier Foxconn has reportedly replaced 60,000 factory workers with robots.One factory has "reduced employee strength from 110,000 to 50,000 thanks to the introduction of robots", a government official told the South China Morning Post....
Economists have issued dire warnings about how automation will affect the job market, with one report, from consultants Deloitte in partnership with Oxford University, suggesting that 35% of jobs were at risk over the next 20 years.
Former McDonald's chief executive Ed Rensi recently told the US's Fox Business programme a minimum-wage increase to $15 an hour would make companies consider robot workers.
"It's cheaper to buy a $35,000 robotic arm than it is to hire an employee who is inefficient, making $15 an hour bagging French fries," he said. [Italics added]
Wednesday, May 25, 2016
robots replace 60,000 workers
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China's greatest natural resource goin' to waste, and probably without a dole.ReplyDelete