January 02, 2018

The windows for poverty reduction will shrink dramatically, as robots and automation help bring back to developed countries the jobs lost to poorer ones.

Sir, Ben Bland writes: “Automation in Bangladesh may not make sense because you still have to ship but, if you make in the US, it makes more sense because there’s no [import] duty, no shipping, you’re closer to the customer and there are shorter lead times,” said Mr Rajan. “March of the robots stalls as clothes maker Crystal backs human workers” January 2.

What can I say? Should those robots working in the US share a moment of silence for those poor Bangladesh workers they will be substituting for?