According to the South China Morning Post, Foxconn, manufacturer of Apple’s iPhone among other electronic equipment, has replaced nearly 60,000 of its factory workers with robots in a bid to cut costs.
The report suggests that those 60,000 jobs have been lost from one factory alone, from a workforce that had previously been 110,000-strong.
This is significant because it’s half the factory’s workforce and it means 60,000 workers have lost their jobs in order to cut costs. This is what artificial intelligence will be bringing us.
If humans don’t lock in their place in the workforce today, they won’t be in the workforce tomorrow, and there won’t be anyone left to buy the iPhones. Hmmm.