"China is laying the groundwork for a robot revolution by planning to automate the work currently done by millions of low-paid workers."
Any ideas about what China has in mind for those 'millions of low-paid workers'?
Any ideas about what China has in mind for those 'millions of low-paid workers'?
China's population growth is slowing. Doesn't sound like they'll have the extra people. Better to educate them and move upmarket.
http://www.brookings.edu/research/articles/2010/09/china-pop...
When automation wipes out 99.99% of jobs, nearly all people will be "extra" people. Globally.
I think China is a special case: The legitimacy of the whole political system, not just the current leader, depends on their ability to deliver economic satisfaction to their population. Major dislocations of low-skilled workers who probably lack the wealth or safety net to endure long-term unemployment could be risky.
On the other hand, without political reform how will the masses make their voices heard and have their interests addressed? Chinese leaders have a long history of treating them like chattle, from what I understand.