American workers need lots and lots of robots
noahpinion.substack.com
noahpinion.substack.com
https://noahpinion.substack.com/p/american-workers-need-lots...
“As the only G7 country – the UK has a robot density below the world average of 126 units with 101 units, ranking 24th. Five years ago, the UK´s robot density was 71 units. The exodus of foreign labor after Brexit increased the demand for robots in 2020. This situation is expected to prevail in near future, the modernization of the UK manufacturing industry will also be boosted by massive tax incentives, the “super-deduction”: From April 2021 until March 2023, companies can claim 130% of capital allowances as a tax relief for plant and machinery investments.”
Not sure what it means by “As the only G7 country …” apart from the other six that us.
It seems that Companies just used cheap Labour when they could, as I’ve thought before the minimum wage has more benefits than just helping out the most needy, although need for more capital leads to you know what.