With built-in sensor systems, robots are capable of not only automating repetitive tasks, but also performing more advanced processes and dangerous operations that would put a human worker at risk.
Fast, precise and affordable, robots have the capacity to do things humans simply cannot — but before worrying about robots taking over every manufacturing job, consider what the U.S. Labor Department has to say about this technological shift.
It is estimated that 40-50% of all jobs could be automated over the next two to three decades, which means about 2% of all jobs annually. Last August, the U.S. Labor Department reported that the rate of job creation each month is around 2.4%. Because of the steady increase in job creation over the last several years, the job loss to robots is actually 12 to 15 times lower than current economic indicators.
While jobs will continue to become increasingly automated, this will not necessarily result in net job loss for a company, as new jobs may also be created simultaneously. Because of their benefits to the industry and ability to conduct highly advanced manufacturing processes, robots offer significant potential benefits to the entire population.