Tuesday, March 20, 2018

The Robots are Coming

Within less than two decades it will be cheaper to operate robots in US factories than hire workers in Africa, a new report warns.
Falling automation costs are predicted to cause job losses as manufacturers return to richer economies.
It has been suggested that poorer countries will not as be affected by automation because they have less money to invest in it.
"Our research shows that this is overly optimistic. Currently the cost of operating robots in furniture manufacturing is still higher than labour, but this will not be the case within 15 years", Dirk Willem te Velde, director of the Supporting Economic Transformation programme at ODI, said in a statement. 
ODI's report, Digitalisation and the Future of Manufacturing in Africa, found that in furniture manufacturing, the cost of operating robots and 3D printers in the US will be cheaper than Kenyan wages by 2034. In Ethiopia, ODI predicts robotic automation will be cheaper than Ethiopian workers between 2038 and 2042.

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