mishtalk.com / Mike “Mish” Shedlock / February 7, 2017
Trump blames Mexico, China, and even Germany for taking US jobs and for US trade imbalances.
His message resonated with voters.
People can believe whatever “fake news” they want, but Trump’s theory on manufacturing jobs falls flat under any degree of scrutiny.
ZME Science reports Chinese Factory Replaces 90% of Human Workers with Robots. Production rose by 250%. Defects dropped by 80%.
According to Monetary Watch, the Changying Precision Technology Company focuses on the production of mobile phones and uses automated production lines. The factory used to be run by 650 employees, but now just 60 people get the entire job done, while robots take care of the rest. Luo Weiqiang, the general manager, says the number of required employees will drop to 20 at one point. Despite this reduction in staff, not only is the factory producing more equipment (a 250% increase), but it’s also ensuring better quality.
Read more ... source: The Bitcoin Channel
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