Ed Parnell's Cunning Plan

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Foxconn Robots Could Replace Up To 1 Million Workers

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Even at the ridiculously low pay rates at Foxconn, it was just a matter of time when the commodity of human labor would be too complicated to exploit. Foxconn reportedly has started deploying 10,000 robots which replace somewhere between 10,000 and 20,000 workers. Within 3 years, Foxconn wants to install about 1 million robots – called Foxbots – and replace up to 1 million workers.

These robots do not immediately make financial sense as they apparently cost somewhere between $20,000 and $25,000 each and represent about three times the annual salary of an average worker at Foxconn – and this cost does not include running costs such as maintenance and power supply. But then we remember that salaries are likely to go up over time and Foxconn has had experience with complaints about labor conditions. These robots may be initially expensive, but they certainly will not ask for pay increases and not complain about the environment they work in and the number of hours they are online.

via Foxconn Robots Could Replace Up To 1 Million Workers.

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Written by edparnell

November 15, 2012 at 6:12 am

Posted in Business, Interesting

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