Cheap Labor is No Defense Against Digitization

@jameswilsdon pointed me to a story at the Singularity Hub site saying that Hon Hai, the huge Asian contract electronics manufacturer —  corporate parent of iPad assembler Foxconn —  plans to replace 500,000 of its workers with robots over the next three years, and to build a robot-making factory. Since its workforce is currently somewhere around 900,000 people, this represents a huge commitment to automation.

If this kind of move makes financial sense in China, is there anyplace where it doesn’t make financial sense?

  • eeww

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