Chinese Manufacturers Looking to Replace Workers with Machines
June 22nd, 2010Mmm hmm.
New Sharp Flat Panel Factory: No Humans on Assembly Line
Etc. etc. etc.
Via: Bloomberg:
New minimum wage laws, a looser yuan and worker strikes like those affecting Honda Motor Co. and Toyota Motor Corp. are raising costs at plants in China’s Pearl River Delta, leading to increased automation of assembly lines.
Foxconn Technology Group, Nissan Motor Co.’s Chinese venture and VTech Holdings Ltd. said they are investing in factory equipment to reduce their reliance on labor. Wages in the region called the world’s factory floor increased 17 percent in the past six months, according to a survey by the government- backed Hong Kong Trade Development Council.
Factory owners in China face declining profit margins from a rising yuan as the government drops a two-year policy that curbed the currency’s gain. Labor costs will probably bloat to 30 percent of gross domestic product in the next decade from 15 percent now, Morgan Stanley estimated this month. Higher wages in urban areas may cost companies about $1.5 trillion by 2015, according to Credit Suisse Group AG.
Do those end up here, as breakfast solutions? I suppose pancakes are pretty challenging. http://www.auntjemimafrozen.com/
Robots and looking after robots are Japan/Germany/USA expensive.
Hello Vietnam, Indonesia 🙂