Labor’s share of national income declined in 29 of the world’s 50 biggest economies from 1991 to 2014, and IMF analysis suggests “technology is the largest contributor to that change.”
Amazon’s acquisition of Kiva set off an arms race among robot makers and shippers across the U.S. who scurried to keep up with the e-commerce giant — including companies like 6 River Systems and Fetch.
Even one additional robot can cut wages ... Plus, summaries of other new reports on non-employment a neutral interest rate.
Midea shelled out close to $4 billion to take over Kuka in a deal that faced political opposition in Germany and gave China’s top appliance maker control over a leading industrial robotics company just as China embarks on an ambitious...
Good rule of thumb: The higher your pay, the lower your chances of being replaced in the workplace by a robot.
The struggle to prevent snoozing-while-cruising has yielded a radical decision: Ford will venture to take the human out of the loop by removing the steering wheel, brake and gas pedals from its driverless cars debuting in 2021.
“We ask ourselves, ‘Can we avoid this process altogether?’ When not, we ask, ‘Can we fully automate it?’ This is what we try to do.”
ABB quarterly orders rose for the first time since the first three months of 2015, increasing 3% from a year ago, but the momentum “isn’t that strong yet,” according to CEO Ulrich Spiesshofer.
The robots of the future will be coming soon, rolling along at a lumbering pace with those goods you just ordered.
“The designated proving grounds will collectively form a community of practice around safe testing and deployment.”