Image via MIT Technology Review
China is heavily investing in a robot workforce. In the coming years, countless of manufacturers in China, and around the world for that matter, are planning to transform their production processes by using robotics and automation on an unprecedented scale.
Why? Because it is necessary to their future survival.
Factory wages in Shanghai have doubled in the past seven years and this, combined with increasing competitive pressures from lower wage countries in Southeast Asia, such as Vietnam, has resulted in many Chinese factories struggling to keep their contracts. Moreover, the costs of other inputs to Chinese production also continue to rise.