In recent articles, I have criticised US President Donald Trump’s anti-globalisation, protectionist policies, and the need for India to have a competitive exchange rate to protect/create jobs. There is a third, if longer-term, threat to job creation: rapid technological change, a point T N Ninan had discussed in his Weekend Ruminations last November (“Job-less manufacturing”, November 26, 2016) citing the case of Adidas, the well-known German shoe manufacturer. Adidas has shifted production from China to Germany as it finds factories using robots and, presumably, 3-D technology more competitive. He had also quoted an International Labour Organization report warning that more
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