Monday, August 21, 2017
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ROBOTS TO REPLACE 500,000 CHINESE WORKERS IN 3 YEARS

 

Frank Tobe of TheRobotReport was the first, to our knowledge, to publish that Foxconn, an automation and electronics company in The People’s Republic of China has agreed to build a factory in Taiwan that will produce one million robots for use in mainland Chinese factories owned by the Hon Hai conglomerate. I have previously touched on the question, in this blog, of how the massive deployment of robots will impact our workforces but have not claimed to have any answers, it seems a bit early to prognosticate. Two opposing views are cited in that earlier blog post.

 

But certainly it is stunning news to compare and contrast that the Focus Taiwan News Channel reports that this new factory in Taiwan will create 2,000 jobs, and that Taiwan news media reports that one half million, i.e., 500,000 jobs will be eliminated by these new robots within three years. Remember the high suicide rate among Chinese workers producing Apple and other brands of smartphones? For what it is worth, Hon Hai reportedly is the company that owns these factories.

Frank Tobe, citing sources including The Christian Science Monitor, reports that “The plan is so sweeping that its implementation would have huge implications for China and the robotics industry worldwide. It signals that Chinese labor may no longer have the low-cost advantage it once enjoyed and that the robotics industry is ripe for change.” If you are interested in learning more, please check out his news report at TheRobotReport. Photo courtesy of BGDNA TECH NEWS.