John Markoff reports on the rise of robots in manufacturing environments:
In their minds, the advent of low-cost automation foretells changes on the scale of the revolution in agricultural technology over the last century, when farming employment in the United States fell from 40 percent of the work force to about 2 percent today.
In one example, a robotic manufacturing system initially cost $250,000 and replaced two machine operators, each earning $50,000 a year. Over the 15-year life of the system, the machines yielded $3.5 million in labor and productivity savings.
Sort of strange how rarely this is brought up in the overseas/cheap labor debates. There’s no question that robots eventually take over this area. And it’s probably not even that far off.
Per the way the world works: it will eliminate some issues but undoubtedly raise new ones.