Bloomberg: Robots Displace Workers as Wage-Spiral Pressures Profits in China
Many Chinese manufactures struggle in today’s economic environment, thanks in no small part to rising labor costs. “Time is running out fast for Chinese manufacturers to adapt,” Albert Park, told Bloomberg.
Park, Director of HKUST IEMS, headed the international committee for the China ...
https://iems.ust.hk/updates/media-coverage/2017/bloomberg-park-china-robots-displace-workers-wage-spiral-pressures-profits