Mercedes A Class Production Line
You'll notice, not a lot of human workers. When you see this, you might think -- "Aha! It's not foreigners who have taken our jobs, but robots." However, increases in productivity are not a new development for US manufacturing. In fact, labor productivity growth has been slower than usual for the median manufacturing sector since 2000.
Second point, labor-saving technology is *not* what is wrong with the US economy. Faster productivity growth in production means lower inflation, which means more stimulative US monetary policy (or at least it should). That means more GDP growth and more employment elsewhere.
This, this video doesn't imply that there still isn't *something* wrong with the US manufacturing sector, and that something is not fast productivity growth. Still, somehow it's fascinating to watch an assembly line.
Robots on an Assembly Line...
tháng 3 13, 2017 / with No comments /
Related Posts:
Bedre enn svenskeneSverige er kanskje bedre enn oss i fotball, men vi kan lære dem mye om forvaltning av pensjonsmidler. Svenskene har ikke noe oljefond, men seks pensj… Read More
The Third Reason Why EOS Will Take Blockchain Technology Mainstream - App and Dapp Apps and DApps Bitcoin was introduced by software developers to the world in 2009. It survived and grew because a few people saw the innovation i… Read More
A Heads Up For EOSdacA note about investments.Investors put money into a security either for a return or capital gain. Most of us will be familiar with stocks and shares i… Read More
The Fourth Reason Why EOS Will Take Blockchain Mainstream - FairnessFairnessGovernance does not equate to fairness. We could easily have Governance in favour of the strong or those in control of making and changing the… Read More
EOS - The Value PropositionI suppose this is what most people are interested in. How high will the price of EOS go? The pure technocrats do not care. They are in it for the tech… Read More
0 nhận xét:
Đăng nhận xét