Rise of the machines: Fear robots, not China or Mexico

1/30/2017 CNN Money

by Ron Hoover

President Trump portrays Mexico, China and global trade as the biggest threats to American manufacturing jobs.

“It has been a one-sided deal from the beginning of NAFTA with massive numbers of jobs and companies lost,” Trump tweeted on January 26.

His predecessor also offered a warning to American workers, of a different kind.

“The next wave of economic dislocations won’t come from overseas. It will come from the relentless pace of automation that makes a lot of good middle class jobs obsolete,” President Obama said in his farewell address.

Research supports Obama’s claim. Far more jobs are lost to robots and automation — better technology — than trade with China, Mexico or any other country.

Read more…


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