Chinese Robots Eating Jobs

Over the last decade, China has become, in the eyes of much of the world, a job-eating monster, consuming entire industries with its seemingly limitless supply of low-wage workers. But the reality is that China is now shifting its appetite to robots, a transition that will have significant consequences for China’s economy — and the world’s.

In 2014, Chinese factories accounted for about a quarter of the global ranks of industrial robots — a 54 percent increase over

1. According to the International Federation of Robotics, it will have more installed manufacturing robots than any other country by 2017.

---

Xièxie nĭ Mr. Roboto