I liked this video.
There is no way that these techniques will not be adopted all over the world. Nobody is going to give China this kind of competitive edge. These techniques are going to be imitated.
It means the end of today’s technology. Today’s technology is labor-intensive. This will not be true by 2030.
The next step will be the adoption of these techniques for housing developments. The construction industry will work out the bugs in high-level projects. Then these techniques will be adopted by housing developers as the price of the tools continues to drop.
As labor costs fall, which they will, unemployment is going to spread in this industry. The survivors are going to be people who have the ability to use the new tools, but there will be fewer of these people than today. The best and the brightest will keep their careers; everybody else will have to go into a different line of work. But what line of work are they going to go into? If not construction, then what? They have an advantage: the willingness to work in the blazing sun. But that advantage will disappear with the adoption of prefabricated technologies. Businesses will be building houses all year round. Employment in this industry will no longer be seasonal. This will be good for home buyers, but it will not be good for most construction workers.
This is another reason why immigration from Mexico is going to fall. The construction industry has been one of the biggest employers of illegal aliens. This will not be true in 2030.
It’s already here in Russia.
(For the rest of my article, click the link.)