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There’s no such thing as a free lunch: Why African economies should be concerned about impending automation
Notwithstanding COVID-19’s sudden and damaging blemish on African Foreign Direct Investment, the continent has been subject to consistently increasing foreign investment in recent history. From US$ 1.1 billion per year in the 1970s to US$ 2.2 billion in the 1980s to more than US$ 35 billion on average during the 2000-2008 period, multinationals are looking […]
BY HAIYANG ZHANG A group of textile artisans protested against the newly developed labor-replacing machinery. They were afraid that the many years they spent mastering the skills would go to waste and that the machines would eventually rob them of their jobs. The violence broke out when people started smashing the knitting machines, and eventually […]
BY KAVI PATEL Democrats added a $15 federal minimum wage to their platform before the Democratic National Convention at a time when the minimum wage debate is a hot topic and the “Fight for 15” Movement has already been successful in California and New York. Advocates of an increase in the minimum wage argue that it […]
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