China is installing more industrial robots than any other country in the world

[Mackin USA]

It took 50 years for the world to install the first million industrial robots. The next million will take only eight, according to Macquarie. Importantly, much of the recent growth happened outside the U.S., in particular in China, which has an aging population and where wages have risen.

INTERESTING GRAPH

https://www.bloomberg.com/gadfly/articles/2017-01-09/the-robot-threat-donald-trump-isn-t-talking-abou?cmpid=yhoo.headline&yptr=yahoo

[ergophobe]

@littleman
" In Germany, the CEOs of Deutsche Telekom AG and Siemens AG have both recently backed some form of basic income for those displaced by technology."

And @ergophobe ;-) "the payback period for an automotive welding robot in China has fallen to less than two years"