Foxconn replaces 60,000 humans with robots in China


Replacing humans with more efficient robots is not confined to China.

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http://www.marketwatch.com/story/foxconn-replaces-60000-humans-with-robots-in-china-2016-05-25?link=sfmw_fb

The first wave of robots taking over human jobs is upon us.

Apple Inc. AAPL, supplier Foxconn Technology Co. 2354, has replaced 60,000 human workers with robots in a single factory, according to a report in the South China Morning Post, initially published over the weekend.

This is part of a massive reduction in headcount across the entire Kunshan region in China’s Jiangsu province, in which many Taiwanese manufacturers base their Chinese operations.

Roughly 600 companies are reportedly looking to reduce headcount with robots, as part of an effort to accelerate growth and reduce costs, according to the Chinese newspaper, which cited data from the Kunshan government. Last year, 35 Taiwanese companies, including Foxconn, spent a total of 4 billion yuan ($610 million) on artificial intelligence as part of this initiative, according to the report.

While developing AI does present higher upfront costs, machines are seen as more predictable…

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About Doreen Agostino

Resolution Guide, Author, Radio Host, Emissary of Greater Well-being, Freedom, and Natural Law; do no harm and do not allow others to harm.
This entry was posted in Transparency. Bookmark the permalink.

One Response to Foxconn replaces 60,000 humans with robots in China

  1. Thus, begins the demise of the human race!! Since 60,000 people are displaced, who will be able to afford the products that these robots build? As the world keeps adopting these robots, the same will befall all other displaced workers! Who will be able to buy the any of products, without income?
    The fools instituting these plans are, indeed, real idiots!!

    Like

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