Why Donald Trump is inadvertently going to accelerate the rise of robots
President Trump argues that too many US workers have lost their jobs to foreign peers as companies have offshored manufacturing. US companies need to bring those jobs back and, in doing so, restore America's industrial greatness. His diagnosis isn't altogether wrong: fewer companies manufacture cars, for instance, in the US than was previously the case. But this thesis is too simplistic. US companies are really just trying to allocate capital efficiently when they manufacture goods outside of the US.
Feb-7-2017, 04:45:10 GMT
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