No. of Recommendations: 25

In 2011, Foxconn vowed to install up to 1 million robots in its factories over the next three years, which analysts suggested was in part to address long-time scandals such as high suicide rates among employees and exploitation of workers.
According to a recent report in The New York Times, Dutch consumer electronics giant Royal Dutch Philips Electronics Ltd has built a factory in Drachten, the Netherlands, where 128 robots are doing the same work as hundreds of workers in its sister factory in Zhuhai, Guangdong province.

This is not something which can be lightly dismissed. Regardless of whether robotics displace workers in China, Drachten or the US there are no winners because no taxpayers means there will be no money for welfare or Defence etc . Taken to its obvious conclusion there will be social unrest, increased crime rates and a plethora of unspecified ills for society to digest.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.