China is the world's factory. Europe and the US just can't compete with their scale. I just wonder what their own employment rate will be like if they replace all the workers with robots.
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China is the world's factory. Europe and the US just can't compete with their scale. I just wonder what their own employment rate will be like if they replace all the workers with robots.
That's an interesting point to think about, how worse off/ better off are the unemployed in China? How are they going to fare during this transition? Does China care more the average poor person than the USA for exmample? I know next to nothing about current social development in CHina!