Howard Lutnick:

Robots are coming to America to boost manufacturing Dominance, bringing 5+ million well-paid jobs, as well as robotics training in high school to prepare our Youth to Work in the Industry

🔴 MY THOUGHTS:

I'm beginning to fully comprehend the vision President Trump has for America's future.

As Lutnick points out, much of the world's manufacturing currently relies on cheap or slave labor to produce goods for us. This makes it incredibly challenging to bring manufacturing back to the United States and remain competitive. And that is where robotics come in.

Robots will be far more cost-effective than slave labor, allowing us to not only compete, but dominate in global manufacturing once again.

By leveraging robotics, the United States can produce goods with significantly lower overhead costs, primarily because robots don't require salaries, benefits, or breaks like human workers do.

But what about jobs for people?

Given that America's manufacturing sector is already non-existent today, the introduction of robotics provides an era of industry to create jobs and opportunities that didn’t previously exist before, such as fixing, managing, and overseeing robotic systems.

Howard provided the perfect example:

“When Apple says it’s gonna come back and build $500B worth of plant equipment here in America, do you think it’s gonna be with 100,000 people like they do in China? No, it’s going to be robotics, and there’s only going to be 10,000 people who can fix the robots.”

Those 10,000+ jobs for example Apple would create for American workers is a net positive because they simply didn’t exist before.

Not to mention, GOODS and Services will go way way down, passing off the cost savings to American’s.
—— Ex: that $500 laptop you just bought, would now cost only $100.

While it all seems so technocratic, I do get what is trying to be accomplished.

Where I see potential problems is if robotics takes over entire industries we still have. Not everyone can be a robot repair man/woman; nor should they.

We haven’t crossed those bridges yet and it’s important for all of us to watch where this goes and speak up loudly if it crosses lines that shouldn’t be crossed.