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Comment by intended

3 days ago

This caught my eye -

“technological progress does not have a trickle down effect on employment” (技术进步对就业没有涓流效应) (QQ News, May 16).

> Cai Fang (蔡昉), director of the Institute of Population and Labor Economics at the Chinese Academy of Social Sciences, has explained how the PRC’s rapid installation of industrial robots has contributed to labor displacement. He asserts that “technological progress does not have a trickle down effect on employment” (技术进步对就业没有涓流效应) (QQ News, May 16).

Read the source, and its a nuanced economic take.