News for hackers. Stuff that matters.

A comment on The world needs at least 600M new jobs in the next decade for young people. Parent comment

Re:The world needs at least 600M new jobs in the next decade... by adamnemecek on Tuesday October 13, 2015 @05:30PM (#10383634)
> This is true, but I don't think it accounts for most of the youth unemployment we have seen so far. The jobs did not go to robots in America, they went to workers in China.

I think that that is only temporary though. Once the wages in China rise enough, the jobs will be probably given to robots possibly in America.

[ Parent | on HN ]
Re:The world needs at least 600M new jobs in the next decade... by Animats on Tuesday October 13, 2015 @05:55PM (#10383760)
Robots in China, quite likely. Foxconn is moving to robots as fast as they can and laying off people as they do so.
[ Parent | on HN ]
Re:The world needs at least 600M new jobs in the next decade... by adamnemecek on Tuesday October 13, 2015 @06:16PM (#10383848)
Well buying robots will probably cost the same in China and America. But for US market, if you manufacture things in the US, you will shorten your supply chain and save on logistics. But yeah, your guess is as good as mine.
[ Parent | on HN ]
Re:The world needs at least 600M new jobs in the next decade... by Sammi on Tuesday October 13, 2015 @06:11PM (#10383821)
Yes. China is already running our of its cheapest new labor recruits. And while people haven't been looking many of the biggest African economies have started to get going. The time when you cannot outsource for cheap labor anymore is approaching fast.
[ Parent | on HN ]