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Fear robots, not China or Mexico
http://money.cnn.com/2017/01/30/news/economy/jobs-china-mexico-automation/index.html"It has been a one-sided deal from the beginning of NAFTA with massive numbers of jobs and companies lost," Trump tweeted on January 26.
His predecessor also offered a warning to American workers, of a different kind.
"The next wave of economic dislocations won't come from overseas. It will come from the relentless pace of automation that makes a lot of good middle class jobs obsolete," President Obama said in his farewell address.
Research supports Obama's claim. Far more jobs are lost to robots and automation -- better technology -- than trade with China, Mexico or any other country.
To be sure, America has lost a lot of jobs to trade, but robots threaten many more traditional, assembly line jobs. There are nearly 5 million fewer manufacturing jobs today than there were in 2000.
