Visiting prof Vivek Wadhwa suggests that robotics and AI will bring manufacturing back to the US:
America has been extremely worried about the loss of manufacturing to China. Seduced by subsidies, cheap labor, lax regulations, and a rigged currency, American industry has made a beeline to China.
But the tide may soon turn.
New technologies will likely cause the same hollowing out of China’s manufacturing industry over the next two decades that the U.S experienced over the past twenty years. That’s right. America is destined to once again gain its supremacy in manufacturing, and it will soon be China’s turn to worry.
China’s largest hi-tech product manufacturer Taiwan-based Foxconn Technology Group, made waves last August when it announced plans … More >
(Via The Berkeley Blog)
I’m pretty excited about our robot overlords coming soon…