Quote:
Originally Posted by Ralph Sir Edward
I bow to you wider "on-the-ground" knowledge. I merely note that Foxconn is undergoing a massive effort to automate its assembly lines. That is going to be the real "job killer", and it's steadily increasing even in the low wage countries. The days of using an "endless source of cheap labor" for assembly are limited...
This has its own human disasters coming...
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You forget that due to China's "one-child" policy a lot fewer jobs will be needed.
Automation will be a good thing, because it means higher paying jobs and the same productivity with fewer workers -- with fewer workers available anyway and higher wages, automatikn is the only way there will be any jobs at all.
And don't fool yourself, a lot of processes can't be automated. The need for labor will never disappear.