In Friday’s job report you’ll see early signs of the robot revolution!

Summary:  Employment growth has been the slowest of any post-WW2 recovery. But a greater problem lies ahead — the robot revolution. The next wave of automation, affecting both manufacturing and the far larger population of service workers.  Here’s a status report on its early phase, already in motion.  At the end are links to other chapters.

By Karen Leo, The Fiscal Times, 12 July 2011

By Karen Leo, The Fiscal Times, 12 July 2011. Click on the image for the interactive display.

Contents

  1. Another person discovers the Robot Revolution
  2. Examples of automation coming now
  3. The challenge for every developed nation
  4. Other posts about the Robot Revolution
  5. Actroid Sara

The animation above comes from “The Robot Revolution: Your Job May Be Next“, The Fiscal Times, 12 July 2011.

(1) Another person discovers the Robot Revolution

Another person discovers the coming next wave of automation: Barry Ritholtz at The Big Picture:

As the chart {of labor participation} above shows, this peaked in 1999, and has been trending downwards ever since. There are several reasons why this is:

  • Demographics of the aging baby boomers, who are retiring, living longer, and impacting this ratio;
  • Technology/DotCom collapse eliminated lots of malinvestment driven Tech jobs;
  • Financial/Credit crash eliminated lots of malinvestment driven banking/real estate jobs;
  • Ongoing outsourcing, globalization, etc.
  • Robotics

That last item doesn’t get discussed nearly as much as it should, but the single biggest future trend in the labor force is going to be the ongoing replacement of humans by smart machines.

(2)  Examples of automation coming soon

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