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Old 08-24-2016, 08:59 AM  
Barry-xlovecam
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Join Date: Jun 2010
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Posts: 18,083
What you do not seem to see is that the low cost 3rd world and developing world laborer is going to take the biggest losses.

Machines can operate the machines now.

Take the garment industry -- a human will supervise 4 machines setting up the garment to be sewn by robotics where some Asian factory workers did the actual sewing. We will not need to import the finished garment. The cloth could be woven by machinery here. So, the content would be 100% US machine made and assembled for less than it would cost making it in Asia. New jobs for American skilled or retrained workers. Machines and not human labor will make the USA completive in manufacturing again.

The low to medium skilled worker in Asia will work for 25% or less labor cost than a US worker -- you cannot compete with that in a global marketplace with a unequal playing field. Robots and AI are going to be the great equalizer over the next 30 or 50 years.

Profits and savings need to be shared equitably with the workers and the companies shareholders or stakeholders. Otherwise, there will be troubles and economic strife.

Former exporting countries will have to sell in their own domestic markets making products with their own local labor.
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