The company known for making iPhones, Foxconn, is implementing plans to replace at least 30% of its factory workers by 2020. Some factories are already so heavily automated that they’ve eliminated 60,000 jobs. Considering that Foxconn has 1.2 million employees, there is a potential job loss in the hundreds of thousands. There’s no reason to expect that trend to stop after 2020. Assuming things go well for the robotic factories, competitors are expected to automate similarly. The consequence within China alone is millions of displaced workers.

(Click on the photo for the link.)

One thought on “Chinese Robots Displace Workers

  1. Pingback: Data That Matters January 2017 | Pretending Not To Panic

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s