IMPACTS OF ROBOTICS ON WORLD ECONOMY

[laycon]

A service robot is a robot that performs useful tasks for humans or equipment. It is used for commercial task, usually operated by a properly trained operator. Examples are cleaning robot for public places, delivery robots in offices or hospitals, fire fighting robot and surgery robot in hospitals.(https://www.eu-nited.net/eunited+aisbl/robotics/robotics-market-introduction/index.html)
  Robots are also used for tasks considered to be too dangerous for humans. With this brief introduction of robot, we shall be considering some impacts of robots on world economy.
Robots Increase Productivity and Competitiveness: When used effectively, they enable companies to become or remain competitive. This is particularly important for small-to-medium sized (SME) businesses that are the backbone of both developed and developing country economies.
 It also enables large companies to increase their competitiveness through faster product development and delivery.https://ifr.org/img/office/IFR_The_Impact_of_Robots_on_Employment.pdf
Job Creation: Many people fail to realize that robots are creating new, high paying jobs that require skilled workers. While it is true that robots are replacing low skilled workers and automating the tasks that they perform. Robots complement and augment labour, the future will be robots and humans working together

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[Jawhead999]

Text spinning and plagiarism detected, you need to add the source in your post if you took it.

A service robot is a robot that performs useful tasks for humans or equipment excluding industrial automation application.
A professional service robot or a service robot for professional use is a service robot used for a commercial task, usually operated by a properly trained operator. Examples are cleaning robot for public places, delivery robot in offices or hospitals, fire-fighting robot, rehabilitation robot and surgery robot in hospitals. In this context an operator is a person designated to start, monitor and stop the intended operation of a robot or a robot system.

Robots increase productivity and competitiveness. Used effectively, they enable companies to become or remain competitive. This is particularly important for small-tomedium sized (SME) businesses that are the backbone of both developed and developing country economies. It also enables large companies to increase their competitiveness through faster product development and delivery. Increased use of robots is also enabling companies in high cost countries to ‘reshore’, or bring back to their domestic base parts of the supply chain that they have previously outsourced to sources of cheaper labour.
Currently, the greatest threat to employment is not automation but an inability to remain competitive.

[Hydrogen]

Job Creation: Many people fail to realize that robots are creating new, high paying jobs that require skilled workers.

Would robots be cost effective if they did not kill many more jobs than they create?

Society can adapt to massive job loss. Culture can shift to become less reliant upon governments and the private sector for bread. Self sufficient farming and off grid living would become norms. The better suited people are to producing necessities like food and energy. The less they need jobs and working hours.

Of course the real issue is productivity advancing significantly thanks to technology and automation. While the tangible rewards are not equally or fairly distributed.

[Ayiranorea]

Robotics does the work that's been assigned within the programmed time period as per the design or the work allocated. This way the human work force usage is being much decreased. Robotics play a big role in the mass production as well as in the increased manufacturing to the fast moving World. By the time robotics affect the human living through job cuts, and to the development happening with time through automation governments should take necessary steps to keep the common people have the life.

[Gozie51]

Job Creation: Many people fail to realize that robots are creating new, high paying jobs that require skilled workers. While it is true that robots are replacing low skilled workers and automating the tasks that they perform. Robots complement and augment labour, the future will be robots and humans working together

I have seen many people argue that robots take over human jobs in some articles I have read and I so think as that. How do you talk about robots creating jobs? Robots are the major reason that there are job loss because they are multi tasked and can do many people's jobs in minutes. For example in a shoe making shop or cobler, some jobs are easily and neatly done by machines. This is same for other bigger organizations and banks. In a bank, the cashier might not need an assistant because the counter machine is there. I think robots is faster, it has its advantages and disadvantages and human loss of jobs is one disadvantages.

[BIT-BENDER]

Robot are programmed and no matter how sophisticated they become can not replace human work force where human feelings/instincts are to be/ are needed, like in medicine robots can bring medicines/materials to patients but can't connect with the patient they way a nurse would.
Robots can be added help to human work force, more of a faster hand in labour in factories, delivery aids, run errands/message, no doubt it has a positive touch/influence on the economy

[Furious 7]

Robot are programmed and no matter how sophisticated they become can not replace human work force where human feelings/instincts are to be/ are needed, like in medicine robots can bring medicines/materials to patients but can't connect with the patient they way a nurse would.
Robots can be added help to human work force, more of a faster hand in labour in factories, delivery aids, run errands/message, no doubt it has a positive touch/influence on the economy

The human power that is still needed in powerful work and robots only helps to carry on the work neatly and the rest of the humans will make it better for jobs, I think robots cannot change the economy in other ways but only help lighter human jobs.
But this is also a lot of development about robots on the influence that will be needed, as you mentioned, and it is only an introduction, not operation, nothing more but with robots we can work faster in any field, including in hospitals which are widely used with technology robot.

[Upgrade00]

Robots have been with us for a while now and have been implemented in sectors like military, medical and manufacturing;
• Drones are being used for reconnaissance and to attack enemy territory without needing to man the craft.
• Medical field has relied on technological advancement to improve the quality of health care.
• The manufacturing industry has also benefited, with production in the U.S increasing by more than 40% in the last two decades;

Source
This increased production has of course had an effect on employment which is 29 percent lower than it was 20 years ago, before the pandemic situation of course.

Job loss is an inevitable factor of development, computers which evolved into mobile phones made a lot of jobs irrelevant, same with engine-powered vehicles which has been utilized in transport, agriculture etc. Through this developments people have evolved and I believe we would do so in a robot driven world. We wouldn't stick to using hoes for cultivating lands, because it created more jobs than tractors.

Many people fail to realize that robots are creating new, high paying jobs that require skilled workers.

It also creates low skilled jobs. Mobile phones like apple employs thousands of low skilled laborers (they could be paid better than they currently are, but that's a discussion for another thread). A lot goes into the making of a robot, raw materials development as well as manufacturing, and on a global scale it would create lots of jobs in various sectors.

[CarnagexD]

Text spinning and plagiarism detected, you need to add the source in your post if you took it.

A service robot is a robot that performs useful tasks for humans or equipment excluding industrial automation application.
A professional service robot or a service robot for professional use is a service robot used for a commercial task, usually operated by a properly trained operator. Examples are cleaning robot for public places, delivery robot in offices or hospitals, fire-fighting robot, rehabilitation robot and surgery robot in hospitals. In this context an operator is a person designated to start, monitor and stop the intended operation of a robot or a robot system.

Robots increase productivity and competitiveness. Used effectively, they enable companies to become or remain competitive. This is particularly important for small-tomedium sized (SME) businesses that are the backbone of both developed and developing country economies. It also enables large companies to increase their competitiveness through faster product development and delivery. Increased use of robots is also enabling companies in high cost countries to ‘reshore’, or bring back to their domestic base parts of the supply chain that they have previously outsourced to sources of cheaper labour.
Currently, the greatest threat to employment is not automation but an inability to remain competitive.

Man you got to delete this shit before a moderator catch you, I'm not tolerating any action like this in the forum but taking your rank consideration that you're still a newbie, I guess it's not too late to change your type of routines here in the forum. Your account might be banned, and your 10 merits will be wasted. I'm wondering why others still commented on this one  

[bitgolden]

The impact is the future, and what we could do with it. Right now it is quite important to realize that many things we build are still handmade, obviously we use machines for everything to build them but there are people working in factories, there are very few rare places that requires no person at all, tesla for example has only supervisors who check the robots and see if everything goes according to plan but they do not work on the car themselves.

This will get bigger, eventually we will reach to a level where people would actually be capable of not working on manufacturing jobs and machines will be capable of building everything with maybe few human supervisors and that's it. At that point what will humans do? What if eventually every job can be done with a robot? or a machine? How will we earn money?

[teosanru]

A service robot is a robot that performs useful tasks for humans or equipment. It is used for commercial task, usually operated by a properly trained operator. Examples are cleaning robot for public places, delivery robots in offices or hospitals, fire fighting robot and surgery robot in hospitals.(https://www.eu-nited.net/eunited+aisbl/robotics/robotics-market-introduction/index.html)
  Robots are also used for tasks considered to be too dangerous for humans. With this brief introduction of robot, we shall be considering some impacts of robots on world economy.
Robots Increase Productivity and Competitiveness: When used effectively, they enable companies to become or remain competitive. This is particularly important for small-to-medium sized (SME) businesses that are the backbone of both developed and developing country economies.
 It also enables large companies to increase their competitiveness through faster product development and delivery.https://ifr.org/img/office/IFR_The_Impact_of_Robots_on_Employment.pdf
Job Creation: Many people fail to realize that robots are creating new, high paying jobs that require skilled workers. While it is true that robots are replacing low skilled workers and automating the tasks that they perform. Robots complement and augment labour, the future will be robots and humans working together

This is a pretty interesting topic which is really not much talked about. Being working in a corporate I have seen how robotics is slowly coming in and making some significant changes in labour costs and efficiency. Moreover combined with the new trend of IOT and ML this field is actually growing at a much gradual pace. Actually not only for SME but the big brands are now trying to deviate themselves from traditional industry to robotics Industry. I had a visit to a soft-drink manufacturing company of Coca cola. They have opened a new plant. The new plant is around 5 times more productive than the previous plant(which they made just 4 years ago).Moreover, this productivity has been reached by around 50% redued workforce. There are just foremen left who merely keep a track that everything is fine.

Rest the whole process is completely automated from start till the end. Moreover every bottle is tracked individually in the computer screens regarding content as per their schema. They said that the customer who drinks the bottle is actually the first person to touch the bottle or maybe the shopkeeper who gave him that bottle. This actuallly is a pretty cool thing but at the same time if we see for small scale workers it's pretty disheartening too.

Robots have been with us for a while now and have been implemented in sectors like military, medical and manufacturing;
• Drones are being used for reconnaissance and to attack enemy territory without needing to man the craft.
• Medical field has relied on technological advancement to improve the quality of health care.
• The manufacturing industry has also benefited, with production in the U.S increasing by more than 40% in the last two decades;

Source
This increased production has of course had an effect on employment which is 29 percent lower than it was 20 years ago, before the pandemic situation of course.

Job loss is an inevitable factor of development, computers which evolved into mobile phones made a lot of jobs irrelevant, same with engine-powered vehicles which has been utilized in transport, agriculture etc. Through this developments people have evolved and I believe we would do so in a robot driven world. We wouldn't stick to using hoes for cultivating lands, because it created more jobs than tractors.

Many people fail to realize that robots are creating new, high paying jobs that require skilled workers.

It also creates low skilled jobs. Mobile phones like apple employs thousands of low skilled laborers (they could be paid better than they currently are, but that's a discussion for another thread). A lot goes into the making of a robot, raw materials development as well as manufacturing, and on a global scale it would create lots of jobs in various sectors.

Can't disagree with you. Change is inevitable and I think maybe it's on government that they need to reskill the future labour in such a way that there services are needed in these futuristic areas. The traditional manufacturing setup isn't really going to last for long.

[FlightyPouch]

Robot are programmed and no matter how sophisticated they become can not replace human work force where human feelings/instincts are to be/ are needed, like in medicine robots can bring medicines/materials to patients but can't connect with the patient they way a nurse would.
Robots can be added help to human work force, more of a faster hand in labour in factories, delivery aids, run errands/message, no doubt it has a positive touch/influence on the economy

The human power that is still needed in powerful work and robots only helps to carry on the work neatly and the rest of the humans will make it better for jobs, I think robots cannot change the economy in other ways but only help lighter human jobs...

Well, with jobs that needs precision and speed, usually factories are using robots or an AI rather than a human. That being said it doesn't make the human's work lighter, it will be the replacement of human's job in this case. It is true though that right now there are these robots that makes our lives better, faster, efficient and convinient but that would also means less employment in the future.

[Salauddin1994]

In the developed world the use of robots has increased manifold in various sectors including industry and robotics can play an important role in increasing the productivity of the industrial sector and in the great prosperity of the country which is slowly becoming an industrial dependent economy. Also since humans have to work within a certain time frame and the pace of their work is not always the same due to physical fatigue or exhaustion the robot can be a human collaborator. And the current world will reach the peak of further development.

[worldofcoins]

I figure it will affect awful on our economy.
Individuals will become jobless if each organization starts employing the robot they don't have to pay compensations to robots so they'll replace humans with robots.
The second terrible thing is peoples will become sluggish by giving their work to robots.

[amishmanish]

Job Creation: Many people fail to realize that robots are creating new, high paying jobs that require skilled workers.

Would robots be cost effective if they did not kill many more jobs than they create?

Society can adapt to massive job loss. Culture can shift to become less reliant upon governments and the private sector for bread. Self sufficient farming and off grid living would become norms. The better suited people are to producing necessities like food and energy. The less they need jobs and working hours.

Of course the real issue is productivity advancing significantly thanks to technology and automation. While the tangible rewards are not equally or fairly distributed.

This is a burning issue and will be one that we will have to soon grapple with besides disruptive climate change. Like everything else with Capitalism, you inflict damage first and then try to bandage the situation. Robots and automation lead to better profit margins and every single industrialist will prefer it. When it comes to the likes of amazon, Uber which are primarily into "Services" business, they are also looking for ways to reduce dependency on low-skilled human jobs like delivery personnel or warehouse workers.

People give the excuse that the jobs will move to better paid, skilled jobs. Yet, who says that every single human being is suited for these kind of jobs. Is a future foreseeable where low skill jobs are not needed because there are no low-skill people? What if we end up with billions of low-skill people (as is the case today) but no jobs for them? I love this vision of self-sufficient living. It reminds me of Luke skywalker living with his Uncle and aunt at Tatooine fixing old robots all day while his uncle works on the farms.

This could indeed be a reality but fundamental societal changes like these and legislation required for this hardly ever keeps pace with the breakneck speed of capitalism, or should we say, crony capitalism.

[Lorence.xD]

Robots will be efficient if they are not built like a Gundam Mech, that thing will collapse under Square Cube Law. The impact of Robotics in economy is evident, they can be utilized for Deep Sea Exploration, exploring deadly environment like Chernobyl Power Plant Core and the most famous is Space Exploration. The funding for the aforementioned missions would be more expensive if they did not use robots, definitely the job generation would be the most affected if robotics are adopted in industries and commerce. This conundrum will be difficult for governments to solve because we live in a capitalist society where everything comes at a price.

[Kong Hey Pakboy]

I figure it will affect awful on our economy.
Individuals will become jobless if each organization starts employing the robot they don't have to pay compensations to robots so they'll replace humans with robots.
The second terrible thing is peoples will become sluggish by giving their work to robots.

Robots or machines will definitely replace most employers in the future because they are faster and more productive, and business owners don't need to pay these robots' salaries. That is why jobless people will increase their numbers in the future. It is the reason why only computer programmers and developers will exclusively remain if that happens because they are the ones who create and program robots to function.

[Wexnident]

Job Creation: Many people fail to realize that robots are creating new, high paying jobs that require skilled workers. While it is true that robots are replacing low skilled workers and automating the tasks that they perform. Robots complement and augment labour, the future will be robots and humans working together

Naturally, even with Robots, the thirst for knowledge and improvement inherent to humans wouldn't be extinguished no matter what. We may be just staying right now at robotic development, but within a few centuries, or maybe just a few decades, a lot of possible things could happen. Interstellar travel could be one.

It also creates low skilled jobs. Mobile phones like apple employs thousands of low skilled laborers (they could be paid better than they currently are, but that's a discussion for another thread). A lot goes into the making of a robot, raw materials development as well as manufacturing, and on a global scale it would create lots of jobs in various sectors.

Isn't that temporary? Currently, the production of robots is more for specialized actions and activities such as what you said, but in the near future manufacturers would employ robots themselves to create and process more materials to create more robots that they can sell/use for other purposes. Robots are indeed opening up new jobs but that would probably be temporary, and more likely that job losses would be more prominent than the amount of jobs robots could provide. Ofc, this isn't necessarily a bad thing, with how the world is proceeding towards an automated world, having humans enjoy life while robots do work is a vision that most would have probably imagined before.

[Janation]

I figure it will affect awful on our economy.
Individuals will become jobless if each organization starts employing the robot they don't have to pay compensations to robots so they'll replace humans with robots.
The second terrible thing is peoples will become sluggish by giving their work to robots.

Robots or machines will definitely replace most employers in the future because they are faster and more productive, and business owners don't need to pay these robots' salaries. That is why jobless people will increase their numbers in the future. It is the reason why only computer programmers and developers will exclusively remain if that happens because they are the ones who create and program robots to function.

I guess this depends on the job, right?

Most of those people in the producing industry would definitely make or find an AI to cut their budgets and make their manufacturing faster, cheaper and efficient. As you said, that would just mean that people in these places would just be in maintenance or maybe engineers that would monitor these. I guess this will also depend on the country.

[abhiseshakana]

Well, with jobs that needs precision and speed, usually factories are using robots or an AI rather than a human. That being said it doesn't make the human's work lighter, it will be the replacement of human's job in this case. It is true though that right now there are these robots that makes our lives better, faster, efficient and convinient but that would also means less employment in the future.

Work that is repetition and memorization has begun to be eroded and replaced by the development of automation technology, robots and artificial intelligence. Technology (industry 4.0) can disrupt or destroy jobs that have been done by humans. Manual labor and repetitive jobs are easily replaced by robots and are affected by automation.

However, there are some human skills that machines cannot easily replace, such as empathy, creativity, and analytical skills for complex problems. The development of students' IQ (intelligence quotient) without honing their EI (emotional intelligence) skills is no longer relevant today and in the future. It is necessary to develop people who are not only memorizing, doing manual work, but who are able to do analytical work, creativity, a complex problem solving. It can only be done by humans through the interaction of the brain and heart. Robot can replace the intelligence of our brain, but he cannot create feelings.