cheaper than robots

Chris Beggy news at kippona.com
Thu Aug 22 18:27:10 PDT 2002


Rather than becoming more of a market, China's becoming more of a production platform:

"The siren song of China is changing for many foreign companies. Sure, there are 1.3 billion Chinese to buy toothbrushes and cars--someday. But right now incomes are so low that only the cheapest foreign goods reach the masses; 800 million Chinese are still peasants. For most companies the real money in China is on the cost, not revenue, side. And China is developing a massive, cheap supply of white-collar workers."

"Executive Director Terence AuYeung, a biochemist, says without a hint of irony that the workers are cheaper than robots: "They respond to voice commands and are fully programmable artificial intelligence."

http://biz.yahoo.com/fo/020820/brawn_and_brains_3.html

Chris



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