Tuesday, June 14, 2016

Beneath . . .

. . . the attractive surface, lies some not-so-obvious truth. . .


(https://www.ajot.com/news/trumps-wasting-time-trying-to-save-factories-michael-schuman)
". . . Listening to our political leaders, you’d think everyone on the planet works in a factory. . . (candidates) want(s) to stop China and Mexico from “taking our jobs” by preventing factories from moving there—and (are) willing to launch a trade war to do so. Michael Short, a spokesman for the Republican National Committee, recently claimed that a loss of 264,000 manufacturing jobs under President Obama was “a stark reminder of the failure of his policies,” as if the nearly 10 million other jobs added on Obama’s watch didn’t matter. . . This obsession with factories threatens to undermine sound economic policy. The notion that economic strength should be measured by how many assembly lines one country hosts compared to another is based on outdated thinking. And frantic attempts to save factories are a distraction from the real challenge of preparing economies and workers for the demands of the 21st century. . . in the modern age, it’s debatable how much value a physical factory delivers to most national economies. . . It’s also doubtful whether factories will remain an important source of new jobs in the future. Automation, advances in robotics and artificial intelligence are making it possible for machines to perform more and more of the manufacturing work currently done by people, resulting in “dark factories” that don’t need lights since only robots work there. The Boston Consulting Group figures that by 2025, some 25 percent of all tasks in manufacturing will be automated, compared to around 10 percent today. . ."




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