Here are some things I learned from Martin Ford’s fascinating book, Rise of the Robots .
— Jobs that go overseas tend to come back, but in automated form. Thus the U.S. textile industry rebounded between 2009 and 2012, with exports rising 37 percent. “The turnaround by automation technology is so efficient that it is competitive with even the lowest-wage offshore workers.” The problem is when the jobs come back, they are filled by robots , so productivity increases, but not employment. Play Video
PlayLoaded: 0%Progress: 0%Remaining Time -0:00This is a modal window.Foreground — White Black Red Green Blue Yellow Magenta […]