Via Irish Examiner:
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Cheaper and better robots will replace humans in the world’s factories at a faster pace over the next decade, a report has said.
The Boston Consulting Group predicts:
* Investment in industrial robots will grow 10% a year in the world’s 25-biggest export nations up to 2025, up from 2% to 3% a year now.
* The investment will pay off in driving down labour costs by 16% and increased efficiency.
* Robots will cut labour costs by 33% in South Korea, 25% in Japan, 24% in Canada and 22% in the United States and Taiwan.
Only 10% of jobs that can be automated have already been taken by robots. By 2025, the machines will have more than 23%, Boston Consulting forecasts.
Robots are getting cheaper, the report says, with the cost of owning and operating a robotic spot welder, for instance, tumbling from US$182,000 in 2005 to $133,000 last year, and will drop to $103,000 by 2025.