Are industrial robots eliminating jobs or creating them?
Written By: Associate Authors
Wednesday, June 23rd, 2010
It bothers me that the main justification for replacing human labor with robots is the cost of human labor. At least, it used to bother me. For a 3 shift operation that runs 7 days a week there are typically 4 people employed. At a $40K/year cost per employee that’s $160K that can be saved by a client that replaces this function in their operation with a robot. If the robot installation costs $160K it only takes one year to break even…
