Robots, not immigrants, are taking American jobs
They are coming and they will completely alter our economic reality. However, instead of planning for this revolutionary change, America's politicians -- from Donald Trump and Bernie Sanders on down -- continue to cling to the illusion that, with the right tinkering, there can be enough jobs enough for everyone, just like in the good old days. Well, the good old days are gone, and a story on the Futurism website demonstrates why: Changying Precision Technology Co.'s cellphone factory in China recently replaced 90% of its workers with machines and saw productivity increase by 250% while the number of product defects fell by 80%. This is great news for the company, not so great news for the now-unemployed workers. Because free-market capitalism moves relentlessly toward innovation and efficiency, this is a phenomenon that will be repeated in small steps and big leaps in every industrialized society.
Mar-31-2017, 12:46:36 GMT
- Country:
- Asia > China (0.25)
- North America > United States
- California (0.05)
- Industry:
- Technology:
- Information Technology > Artificial Intelligence > Robots (0.70)