Re:Foxconn replaces '60,000 factory workers with robots'
by clarkmoody on Wednesday May 25, 2016 @12:47PM
(#11771144)
Alternatively, as massive increases in productivity in manufacturing lead to plunging prices of goods, much smaller incomes will be able to support an increasing standard of living.
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Re:Foxconn replaces '60,000 factory workers with robots'
by crpatino on Wednesday May 25, 2016 @02:41PM
(#11772074)
People still needs some income at all. Otherwise, they will either rely on welfare or resort to crime for survival. This is a explosive combination, specially in a society where the unemployable's fare is seen as just and self inflicted.
Re:Foxconn replaces '60,000 factory workers with robots'
by bunnymancer on Wednesday May 25, 2016 @02:02PM
(#11771764)
Still no cure for $1300/month rent for a 2bed apartment two hours east of Cleveland...
Re:Foxconn replaces '60,000 factory workers with robots'
by geodel on Wednesday May 25, 2016 @02:44PM
(#11772098)
Exactly right. I feel housing/medical expenses remain independent of all the gain productivity. With PEs buying large housing stock in markets and hospitals keep getting increasingly larger and integrated I do not see what would force them to not extract maximum possible money irrespective of the cost to them.
Re:Foxconn replaces '60,000 factory workers with robots'
by shenanigoat on Wednesday May 25, 2016 @05:05PM
(#11773085)
Yup. Trinkets for everyone. Health care and nice digs for the elites only.