Re:Foxconn replaces '60,000 factory workers with robots'
by gdudeman on Wednesday May 25, 2016 @04:46PM
(#11772939)
I fully agree that manufacturing is largely automated in Western nations, but I disagree with your assertion that hand crafted stuff will save us. $250 hand crafted goods are a tiny and shrinking part of our economy bought by wealthy individuals. This is not 5% of our labor force, nor is it 5% of our GDP.
Most the stuff we buy isn't stuff - it's services, lawyers, finance, insurance, health care. AI will dramatically reduce employment in every single one of those industries. (https://en.wikipedia.org/wiki/Economy_of_the_United_States#G...)