[kabar]

There will be big problems as people are replaced by robots.

Apple’s Foxconn factory in China just fired 60,000 people and replaced them with robots.

So the fact that GDP in the US, for example, went up over the 20-year period in the elephant graph doesn’t mean that wages went up, or that workers are better off. They did not, and they are not.

This is the hollowing out of the American middle class. This is the shift from labor to capital. And this, I believe, is the source of a significant amount of global discontent: where phenomena like Brexit and Sanders and Trump find fertile ground.

Technology has gotten so cheap that it is now more economically viable to buy robots than it is to pay people $5 a day.

[usconservative]

It'll be interesting to see that chart as the "rise of the robots" and automation takes hold over the next ten years. Keep in mind, robots (information, analytical, physical) have really only come into focus in the last few years and the technology is advancing at an incredible pace.

I don't believe that chart is an indicator of future performance which could be higher still, or lower. Just my own humble opinion.