Robots in manufacturing on the move – mass unemployment coming?

News that Foxconn has replaced half of its workers in one factory with robots

DISRUPTIONHUB Commentary

Foxconn is apparently the worlds largest employer with 1 million factory workers a lot of whom work assembling iPhones for Apple.
In the past year we’ve talked about the disruption in factories caused by self learning and dexterous robots – now we’re seeing the effect – with one of Foxconn’s factories replacing half of its workers with robots.

From TheNextWeb; “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. The move to an artificially intelligent workforce would reduce labor costs in the long-term, and therefore help stave off the effects of slowing economic conditions in China. It also means that other factors, like the slowing of Apple’s iPhone sales, have less of an effect on its“… This story continues at The Next Web.