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Originally Posted by jrkliny
I guess you are referring to China. It is hard for me to believe you can be that far out of date. China has a labor problem. Not enough workers for current or projected demand. The one child policy is long gone and the government is trying to increase the birth rate. Except for those still living a subsistence lifestyle, cheap labor in China is also gone. There is a huge and growing middle class that is doing very well.
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Right, but the labor problem is not enough young people who want to work in factories. Not necessarily a lack of candidates. Anyway, not really the core of my point - just that if China is ramping up automation, the world truly has changed. Be interesting to see how they employ around a billion working-age people with a high level of automation...