Automation at the Pilbara Iron Ore Mine
In response to collapsing commodity demand, the company operating the Pilbara iron ore mine in Western Australia initiated drastic cost-reduction measures. A key strategy was replacing human labor with automation, which included substituting the entire fleet of human-operated ore trucks with large robotic vehicles. These automated trucks are now remotely controlled by university graduates using joysticks from Perth, located 1,200 km away.
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Ch.1 The supply side of the macroeconomy: Unemployment and real wages - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
CORE Econ
Introduction to Macroeconomics Course
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