The race to the bottom is on. A new robot aims to replace “cheap” Asian workers on electronics assembly lines. Productivity increases continue unabated driven by engineers with a vision of humanity free from manual labor, and corporations with a vision of business free from workers, even if they means no customers either.
Quoting from the article, the robot “… is designed primarily for machine tending, circuit board testing, and other precise, repetitive tasks, specifically those that take place in the middle of a long assembly line of electronics products. There’s a huge need for a robot that can do tasks like these, especially in Asia.” To read the theory behind this trend read The Equity Premium Puzzle. To figure out what to do about it while waiting for the world to figure out something (a long wait), read Money, Wealth & War.