Published On: April 15, 2020 09:15 AM NPT By: Dalia Marin
MUNICH – As the COVID-19 pandemic escalates, the risks inherent in global supply chains are more apparent than ever. Rather than await a return to business as usual, with manufacturing activities concentrated in countries where labor is cheap and plentiful, advanced-economy companies are shifting their focus to the lowest-wage workers of all: robots.
Published On: May 23, 2017 12:15 AM NPT By: Dalia Marin
Between mid-1980’s and today, labor’s share of world GDP declined to 58 percent, while capital’s share rose to 42 percent