Martin Ford Asks: Will Automation Lead to Economic Collapse?

Re:Martin Ford Asks: Will Automation Lead to Economic Collapse? by lautis on Saturday August 20, 2011 @07:16PM (#2908009)

When Chinese labor becomes too expensive, (some of) it will be outsourced to Africa. Chinese economy seems to be in pretty good shape for this, but political instability could ruin it.

Jobs moved to China are likely to be lost forever. Automation is still far from autonomous: some human interaction is required.

Factory automation was a trend long before China become "capitalist". If other costs are more important for some indistry, they wouldn't move to China in the first place. Besides, for most production transportation costs using container ships are neglible.

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Re:Martin Ford Asks: Will Automation Lead to Economic Collapse? by christkv on Saturday August 20, 2011 @07:32PM (#2908047)

That's a theory I see a lot of people having but I'm not sure it will happen. Africa does not have the stable governance of Asia nor the infrastructure to support the rapid industrialization that China went through.

When it comes to transportation cost it would depend on oil prices going forward.

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Re:Martin Ford Asks: Will Automation Lead to Economic Collapse? by lautis on Sunday August 21, 2011 @04:56AM (#2908801)

I would guess that China will provide infrastructure to some african countries in exchange for raw materials. Political stability will also improve as China will support the regimes regardless of lack of democracy.

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