"It's cheaper to buy a $35,000 robotic arm than it is to hire an employee who is inefficient, making $15 an hour bagging French fries," Ed Rensi former CEO McDonalds Corporation.
Foxconn Technology Group, a multinational technology manufacturer and supplier to Apple and Samsung has cut it's workforce from 110,000 to 50,000 by replacing workers with robots in 505 factories for a cost of $623 million.
A study by the UK firm Deloitte (professional services) and Oxford University place 35% of current jobs at risk to automation.
Is it that far fetched? Look closely at the tractors below and you'll notice that there is no one in them.
|KUKA Roboter GmbH|