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james's avatar

thanks karl..

i wonder how much conversation is taking place between china and russia on this front? it seems to me they might be informing one another of these developments, or if not - at least following closely each others developments...

Godfree Roberts's avatar

"China has a similar philosophy but lacks the low unemployment rate which makes further automation a higher social challenge"?

So long as unemployment stays around 5%, China can automate all it wants. Increasing demand drives increasing indigenization of robotics components which in turn drives decreasing $/unit of work.

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