Sometimes you hear economic wisdom from politicians — they are so sure! — but their “facts” may not reflect reality. A few examples just from today:
1) Better trade deals can bring jobs home? Maybe not. From the BBC:
Apple and Samsung supplier Foxconn has reportedly replaced 60,000 factory workers with robots. One factory has “reduced employee strength from 110,000 to 50,000 thanks to the introduction of robots”, a government official told the South China Morning Post.
Read Full Article »