Future of The Technology's Dark Side
Future of The Technology's Dark Side aPgPm
Emerging technologies, such as industrial robots, artificial intelligence, and machine learning, are advancing at a rapid pace. These developments can improve the speed, quality, and cost of goods and services, but they also displace large numbers of workers. According to an RBC Global Asset Management study, the costs of robots and automation have fallen substantially. It used to be that the “high costs of industrial robots restricted their use to few high-wage industries like the auto industry. However, in recent years, the average costs of robots have fallen, and in a number of key industries in Asia, the cost of robots and the unit costs of low-wage labor are converging… Robots now represent a viable alternative to labor. ”
Emerging technologies, such as industrial robots, artificial intelligence, and machine learning, are advancing at a rapid pace. These developments can
improve
the speed, quality, and
cost
of
goods
and services,
but
they
also
displace large numbers of workers. According to an RBC Global Asset Management study, the
costs
of robots and automation have fallen
substantially
. It
used
to be that the “high
costs
of industrial robots restricted their
use
to
few high-wage industries like the auto industry.
However
, in recent years, the average
costs
of robots have fallen, and in a number of key industries in Asia, the
cost
of robots and the unit
costs
of low-wage
labor
are converging… Robots
now
represent a viable alternative to
labor
. ”
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