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The End of Capitalism as We Know It!
by T.E.C. - Iowa
Aug 24, 2017
I have written that the invention of a robot like "Data" of Star Trek would mean no one has a job and the guy who owns the robots owns everything. Data may be futuristic, but the idea is not.

In the article, "Robotic sewing gets big investment, could transform industry", we find that the Tianyuan Garments Co. of Suzhou, China is building a plant in Little Rock, AK. The plant will produce 800,000 T-shirts per day with a labor cost of $0.33 per shirt. Yes, the plant will create 400 jobs supervising the robots, but in the future, "Data" will replace these workers.

Tang Xinhong, chairman of Tianyuan Garments, says "Around the world, even the cheapest labor market can't compete with us. I am really excited about this!"

He is saying, no human labor anywhere - anywhere on the planet - can compete with robots. As the title says, The End of Capitalism as We Know It!

http://www.woodworkingnetwork.com/news/woodworking-industry-news/robotic-sewing-gets-big-inves...See More
Robotic sewing gets big investment, could transform industry
Completely automated, robotic sewing systems could revolutionize multiple industries.
Woodworking Network | woodworkingnetwork.com
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