A mobile phone manufacturer that already utilizes automated production lines, Changying Precision Technology Company in China. The manufacturing facility employed 650 employees, company has embarked on the "Robot Revolution" and now employs just 60 employees, robots performing the tasks of rest of the human workers. Company states that full implementation will result in the entire operation being supported by no more than 20 employees.
Fed's Janet Yellen says the US is in a solid state and should be allowed to coast. Unemployment in March dropped to 4.5 % and inflation is close to the Fed’s target of 2 percent. Demographic changes and low productivity are arresting the rapid expansion of U.S. economy