singular_me
4th February 2016, 06:39 AM
eventually robots will be regarded as best solution... global insolvency, even slave wages will be deemed to expensive. when profits serve knowledge, it ends up dooming just everything
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‘An estimated 400,000 steelworkers in China will lose their jobs, in line with plans to slash crude steel production capacity by between 100 million and 150 million tons.
The announcement was posted Sunday on government web sites, and reports a decision made by the State Council on January 22 to cut steel, coal and other basic industrial production in response to the global slump and declining growth in China.
Li Xinchuang, head of the China Metallurgical Industry Planning and Research Institute, said that the cuts in production would translate into 400,000 steelworkers losing their jobs.’
http://www.wsws.org/en/articles/2016/02/01/chin-f01.html
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‘An estimated 400,000 steelworkers in China will lose their jobs, in line with plans to slash crude steel production capacity by between 100 million and 150 million tons.
The announcement was posted Sunday on government web sites, and reports a decision made by the State Council on January 22 to cut steel, coal and other basic industrial production in response to the global slump and declining growth in China.
Li Xinchuang, head of the China Metallurgical Industry Planning and Research Institute, said that the cuts in production would translate into 400,000 steelworkers losing their jobs.’
http://www.wsws.org/en/articles/2016/02/01/chin-f01.html