Krugman on the Rise of the Robots
"Catherine Rampell and Nick Wingfield write about the growing evidence for ‘reshoring’ of manufacturing to the United States. They cite several reasons: rising wages in Asia; lower energy costs here; higher transportation costs. In a followup piece, however, Rampell cites another factor: robots.
Robots mean that labor costs don’t matter much, so you might as well locate in advanced countries with large markets and good infrastructure (which may soon not include us, but that’s another issue). On the other hand, it’s not good news for workers!"
1 comment:
I'd place money on the fact that this is also how Tim Cook is allegedly going to be able to make the next Mac product in America. Robots.
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