automated manufacturing

An old friend who owns two huge factories in China told me recently that he has managed to cut his labor force by nearly 50%. He has done it by introducing robotics into his system. He is delighted with the cost savings, but on checking his online published price lists I can see that he is...

A. “As technology is making the work faster, more efficient, and more environmentally sound, the products are being created with far fewer workers. “Companies are obviously not sending out press releases saying, ‘We’re not hiring more people,’ but that’s what I hear on the street,” Kirkbride...