Sunday, January 01, 2017

"Offshoring" meets automation

These jobs aren't coming back no matter how much the President-elect threatens Apple:
After announcing its 40,000 robot workforce in October, Foxconn (OTC:FXCOF) is automating production at its factories in China in three phases, aiming to fully automate entire factories eventually.
If the average Foxconn employee making Apple products gets $3.00 an hour (it's probably closer to $3.00 a day), and those jobs are being eliminated by automation, we don't want them back.

Robots cost the same to operate everywhere.

No comments: