Thursday, May 26, 2016

Be Careful What You Ask For

Photo: Humanrobo

"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.

Photo: ASIrobots
 Or take a trip to the bakery

KUKA Roboter GmbH

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