8/23/11

No one said that Genesis remains right regarding the need to work for a living

What Happens When Robots Replace Cheap Labor? - Forbes: I’d argue that this loss of opportunity would extend to urban areas in China, as well. Not only are opportunities for rural workers going to go missing, but urban workers are going to lose jobs and opportunities as well. This will be especially true if, as I’ve suggested, cheap robot labor makes Western countries more attractive to locate factories to, because there are more educated workers and a better infrastructure for high tech. If that turns out to be the case, then that would impact higher skilled jobs, as well.

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