what happens to labor markets in places like India if robots are able to accomplish that would have ordinarily required 5 manual labors at a fraction of the cost say (1/100th)?
Be afraid. Be very afraid.
Be afraid. Be very afraid.
And yet I see videos all the time of Indians running contraptions straight out of the steam age in their shacks to make plastic straws or sandals. Or just doing it by hand. Better machines to do these tasks already exist, but are obviously too expensive for them to afford. Why would these hypothetical robots be any more affordable or disruptive to Indian workers in particular?
If anything I think American blue collars would be the ones to worry about.