Rise of Robots: Boon for Companies, Tax Headache for Lawmakers

Linda A. Thompson for Bloomberg News Agency:  European lawmakers are grappling for answers to a question that until recently seemed like the stuff of science fiction: If robots take our jobs, who will pay taxes?

In an age of unprecedented technological change occurring at a faster rate than the Industrial Revolution, concerns over the growing robotization and automation of work have prompted fears about mass unemployment and plummeting tax revenue in the near future, pitting companies and robotics manufacturers against lawmakers and worker advocates.

The issue is taking on new urgency ahead of a Feb. 16 vote before the EU Parliament’s Legal Affairs Committee on whether to create a robotics agency to deliberate on tax and liability issues.  Cont'd...

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FAULHABER Drive Systems at the Robotics Summit & Expo in Boston from April 30 to May 1 in Hall C at Booth 534

FAULHABER Drive Systems at the Robotics Summit & Expo in Boston from April 30 to May 1 in Hall C at Booth 534

Faulhaber will be presenting their drive systems for robotics and smart technology. Robots are versatile and can be found in many areas, for example, transporting goods, operating on patients or supporting the agriculture industry. With the help of robots, processes can be automated, the flow of materials optimized and employees relieved. Equipped with FAULHABER drive systems, these robots can take on tasks where the demands on function and applications are high.