Posts Tagged ‘labor costs’
Stronger, Faster, Cheaper: Robots Are Replacing China’s Work Force (Video)
Very interesting. Over here in The States, folks dread the coming of robotic innovations that could cost them their jobs for the sake of manufacturing efficiency and cost effectiveness. But in China, where they have a lot of people, there is a shortage of “blue collar” workers. In other words, Chinese manufacturers claim that they don’t have enough workers around to complain. Their money-saving initiative involving robots would not be to replace workers; rather to avoid having to pay high wages to woo laborers or move to where the workers live. I wonder how this plays out for the average Chinese worker in a communist society as compared to here in a capitalist society like here the U.S. It seems like the companies in China could be fazing out the average worker, but are these corporations sharing in the workers’ ability to find work, sharing in the profits, or assisting them in pursuing their dreams elsewhere.
Check it.