China's robot revolution has foreign firms on edge

China's robot revolution has foreign firms on edge
Aug 24 2017
http://www.afr.com/news/world/chinas-robot-revolution-has-foreign-firms-on-edge-20170824-gy2zgc

Juyi was founded by Pan's mother almost 30 years ago just as China was opening up to global trade. When Pan took over in 1997, the company had 213 staff and sales revenue of just over 15 million yuan. From there, the shoemaker grew quickly as China, with its army of low-cost workers, became the biggest manufacturer of export goods.

Juyi's staff numbers swelled to 7000 by 2010 but in recent years, as rising labour costs made China's factories less competitive and the government launched Made in China 2025 to upgrade the industry, Pan has been gradually replacing his workers with industrial robots. Total staff numbers have dropped to 5000 but sales keep rising, hitting 1.5 billion yuan ($280 million) last year.

Also: https://ifr.org/ifr-press-releases/news/robots-china-breaks-historic-records-in-automation
Operational_stock_industrial_robotics_China_up_to_2016.jpg
 
I think the first people who are going to be on edge are their own Chinese people. 1.3 Billion people unemployed. Need I say more??!!
 
More and more automation, less and less jobs and in the uk the government penalise those who can't find work more and more all the time, not a rosey future at all is it for a children.

World needs to adopt the Living Wage where we all get enough to live off, then you work for extra, so we get £1500 per month for doing sweet FA, then you work part time if you want another say £500 per month, part time meaning enough jobs going around that everyone can pretty much get a job.
 
I think the first people who are going to be on edge are their own Chinese people. 1.3 Billion people unemployed. Need I say more??!!

The Communist party's only real goal is to keep employment in china high. Unemployed people tend to start revolutions.
 


* China's Robot Revolution May Affect the Global Economy - Bloomberg
https://www.bloomberg.com/news/.../china-s-robot-revolution-may-weigh-on-global-rebalancing - Cached
2 days ago ... China's Robot Revolution May Affect the Global Economy. Automation impact on wages isn't showing in the data – yet. Bloomberg News.

* China's factory owners pick robots over job-hopping workers | South ...
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* Automation could add $2.2 trillion to Australian economy by 2030 ...
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* China must be ready for automation | Basic Income News
basicincome.org/news/2017/02/china-must-ready-automation/ - Cached
18 Feb 2017 ... Automation can help propel China toward a more innovative and service-based economy by freeing up labor for these higher value pursuits.

* World Bank President: Automation Threatens 77% of Chinese Jobs ...
https://www.cebglobal.com/.../automation-threatens-77-percent-chinese-jobs/ - Cached
5 Oct 2016 ... World Bank president Jim Yong Kim warns that automation could have a devastating ... As labor costs rise in China's manufacturing economy, Chinese manufacturers are ... Quartz's Suneera Tandon passes along the news:.
 
The Communist party's only real goal is to keep employment in china high. Unemployed people tend to start revolutions.

Well how are you going to keep employment high when you have all the jobs done by robots?
 
Well how are you going to keep employment high when you have all the jobs done by robots?

Producing industrial, domestic, road, flying and space robots, one generation after another, that the whole world need.
 
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