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“Foxconn parent company Hon Hai is set to deploy an army of 10,000 assembly-line robots to help meet the demands of producing the highly anticipated iPhone 6,” Reilly Dowd reports for The Fiscal Times. “Hon Hai CEO Terry Gou revealed in a recent shareholder meeting that Apple would be the very first customer of Foxconn’s latest robots.”
“‘Robots are going to enhance and speed up the manufacturing process,’ said Tim Bajarin, CEO of market research firm Creative Strategies. ‘The really big issue here is that the demand for the iPhone continues to grow. It’s grown every quarter since it came out,’” Dowd reports. “From a business standpoint, it makes sense. ‘When you are dealing with creating millions of smart phones per month, efficiency is critical,’ said Bajarin in an interview. ‘Robotics gives you that level of efficiency, which in the end, is very important for the bottom line.’”
This is only 10,000. But they work 27/7 with no need to eat or take breaks. As the use of these expands, expect to see many of Foxconn’s 1.3 million employees be put out of work. No more relatively high-paying jobs for people with limited technological skills (ie not programmers).
Many manufacturing jobs in the US were moved to China because human labor was cheaper. What happens when robotic labor destroys those jobs?
The average person willnot have many options for living a middle class life.