MercoPress. South Atlantic News Agency
Robots and “reshoring” threaten millions of jobs in developing countries
The increased use of robots threatens millions of jobs in developing countries, by undermining the advantage of low wages and facilitating the “reshoring” of industries back to industrialized countries, according to a new policy brief from UNCTAD. Read full article
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Disclaimer & comment rules“The policy brief advises developing countries to tax robots....
Nov 20th, 2016 - 01:05 am - Link - Report abuse +4Oh, yes, we know how well that will work. It's called ”Legislation to send investment elsewhere so we can maintain our Stone Age practices.”
Speaking of which, high inflation coupled with low productivity and excessive labour costs in Argentina resulting in low profits and loss of market share are part of the reasons Volkswagen are cutting some 2000 jobs in Argentina. Rain of Dollars? No, Reign of Unemployment.
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