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"technology has always been destroying jobs, and it’s always been creating jobs, and it’s been roughly a wash for the last 200 years. But starting in the 1990s the employment to population ration really started plummeting and it’s now fallen off a cliff and not getting back up. We think that it should be the focus of policymakers right now to figure out how to address that."

Chinese factory Hon Hai which has announced plans to replace 500,000 workers with robots in three years