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?
@PerKurowski
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