The developed world is losing jobs to China but China is losing jobs to machines.

There are two staggering numbers in the Wall Street Journal.

  1. Sales of industrial robots in China jumped 54% in 2014 from the year before
  2. The International Federation of Robotics estimates about 225K industrial robots were sold in 2014, 27% more than the year before.

Robotics are another reason that sustained inflation is never coming.