Thus far, automation hasn’t had a significant effect on overall employment across industries. A research, “Robots at Work” by Georg Graetz and Guy Michaels, underscores the impact of robots in cumulative employment, productivity and wages across 14 industries in 17 countries between 1993 and 2007 and reveals that there is no “systematic empirical evidence” of their impact. The study notes that the impact of industrial robots, if any, has only been on low-skilled workers and in increasing total factor productivity, labor productivity and wages, but no significant influence on the overall employment.
Sales figures of industrial and service robots disclose that organizations haven’t held back from using robotic capabilities at the workplace, for their impact on productivity is well-established. The investments in industrial robots have only gone up since the market crash of 2008. The estimated worldwide annual supply of industrial robots wa...
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