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Will low cost automation make a big impact?

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  1. #1

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    Will low cost automation make a big impact?

    We are woefully unprepared for the tech revolution that will upend our jobs market | South China Morning Post



    As the costs of automation falls what impact will it have on the world. Especially countries that rely on cheap labour as a comparative advantage?

    What aboout semi-intelectual white collar jobs?

    "There will be job carnage in some unexpected areas – among surgeons, actuaries, insurance agents and paralegals, for example."

    Or will people find other work?
    Last edited by East_coast; 28-05-2017 at 08:32 PM.

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    What you mean 'will'? It's everywhere.

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    Quote Originally Posted by flameproof:
    What you mean 'will'? It's everywhere.
    It has only just started!

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    Original Post Deleted
    Those with significant capital will be fine.

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    Sure, that's why China is building a subway station at every street corner now. Keep people busy. With the average workers wage at about RMB4500 they are not really that competitive anymore.
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    Quote Originally Posted by flameproof:
    It started 100+ years ago with the industrial revolution. What machines can do just gets more complex. .
    It started in the 1700's but every now and then there are leaps in progress.

    The internet age is the biggest recent change but that was more about speed and equalizing knowledge more around global growth.

    Low cost automation will have a bigger impact on the masses who work at the lower end of society

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    You are probably right.

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    People in the West who suggest poor people should get factory jobs to make thing great again are usually a little delusional

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    but is it cheap compared to low cost automation?

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