People often talk about China’s coming problems with demographic decline, but it appears they think they might have this problem solved. Swap in humanoid robots for actual humans.
It’s worth noting China also has a problem with youth unemployment, especially among the college-educated. It’s hard to see how this helps them. Perhaps in the setup and management of the robot workplaces?
There have been times in the past when China has been accused of exporting deflation. Perhaps that will happen again. If Chinese goods are cheap now, imagine how cheap they’ll be when you don’t have to pay the robots anything to work in the factories.
People often talk about China’s coming problems with demographic decline, but it appears they think they might have this problem solved. Swap in humanoid robots for actual humans.
It’s worth noting China also has a problem with youth unemployment, especially among the college-educated. It’s hard to see how this helps them. Perhaps in the setup and management of the robot workplaces?
There have been times in the past when China has been accused of exporting deflation. Perhaps that will happen again. If Chinese goods are cheap now, imagine how cheap they’ll be when you don’t have to pay the robots anything to work in the factories.
It may also solve China’s other demographic problem, not enough women.