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...
Boeing buys Liquid Robotics to boost autonomous surveillance at sea
Alan Boyle for Geekwire: The Boeing Co. says it has agreed to acquire Liquid Robotics, its teammate in a years-long effort to create surfboard-sized robots that can use wave power to roam the seas.
The acquisition is expected to help Boeing create military communication networks that can transmit information autonomously from the sea to satellites via Sensor Hosting Autonomous Remote Craft, or SHARCs.
Liquid Robotics was founded in 2007 and currently has about 100 employees in California and Hawaii. Once the deal is completed, the company will become a subsidiary of Boeing. The arrangement is similar to the one that applies to Insitu, a Boeing subsidiary that is headquartered in Bingen, Wash., and manufactures ScanEagle military-grade drones. Cont'd...
Robots won't kill the workforce. They'll save the global economy.
Ruchir Sharma for The Washington Post: The United Nations forecasts that the global population will rise from 7.3 billion to nearly 10 billion by 2050, a big number that often prompts warnings about overpopulation. Some have come from neo-Malthusians, who fear that population growth will outstrip the food supply, leaving a hungry planet. Others appear in the tirades of anti-immigrant populists, invoking the specter of a rising tide of humanity as cause to slam borders shut. Still others inspire a chorus of neo-Luddites, who fear that the “rise of the robots” is rapidly making human workers obsolete, a threat all the more alarming if the human population is exploding.
Before long, though, we’re more likely to treasure robots than to revile them. They may be the one thing that can protect the global economy from the dangers that lie ahead. Cont'd...
A.I. and robotics could replace 6% of U.S. jobs by 2021
Sharon Gaudin for ComputerWorld: In just five years, intelligent systems and robots may have taken up to 6% of U.S. jobs, according to Forrester Research in a report released this week.
As artificial intelligence (A.I.) advances to better understand human behavior and make decisions on its own in complicated situations, it will enable smart software and robots to take on increasingly challenging jobs. That means robotics should be able to take over some jobs traditionally held by humans by 2021.
For instance, Forrester predicts that smart systems like autonomous robots, digital assistants, A.I. software and chatbots will take over customer service rep jobs and eventually even serve as truck and taxi drivers. Cont'd...
Engineering graduate lands job at top automation firm
Stephen Pithouse attained a first class degree in Electronic Engineering (BEng) in July, and will soon be joining FANUC at their base in Coventry, contributing to the growing industrial strength of the Midlands.
Rise in Robotics Requires New Tax Approach, EU Report Warns
Linda A. Thompson for Bloomberg: European lawmakers warn that the growing use of robots and artificial intelligence may cause job losses across the continent, threatening to result in plummeting tax revenues if current tax frameworks aren't revised to account for the rise of the robotic workforce.
Practitioners told Bloomberg BNA that taxing robots as “electronic persons,” as the EU contemplates in a recent report, would hinder innovation and that other ways of taxing the value that robotics create should be explored.
The recent European Parliament Committee on Legal Affairs draft reportrecommends the European Commission adopt a resolution to require companies to report on “the extent and proportion of the contribution of robotics and AI to the economic results of a company for the purpose of taxation and social security contributions.” Its first paragraph references Frankenstein, and comes amid mounting concerns that the rise in automation and artificial intelligence in the workplace will fundamentally alter economies, destroy jobs and jeopardize social welfare programs such as social security. Cont'd...
Foxconn Replaces 60,000 Labourers With Robots in China
Subhrojit Mallick for GIZMODO India: Apple and Samsung phone manufacturer, Foxconn has already taken a step towards the dystopian future. The South China Morning Post reported the manufacturing giant has replaced 60,000 laborers with robots. The total strength of Foxconn factory workers reduced from 110,000 to 50,000, marking a huge shift towards automation of routine jobs.
The Foxconn technology group confirmed to the BBC that they are automating many of the manufacturing tasks associated with their operations by introducing robots. However, they maintained the move will not affect long-term job losses. Cont'd...
The US service-sector jobs at risk from a robot revolution
Sam Fleming for Financial Times: When Andy Puzder, chief executive of restaurant chains Carl’s Jr and Hardee’s, said in March that rising employment costs could drive the spread of automation in the fast-food sector, he tapped into a growing anxiety in the US.
From touchscreen ordering systems to burger-flipping robots and self-driving trucks, automation is stalking an increasing number of professions in the country’s service sector, which employs the vast majority of the workforce.
Two-fifths of US employees are in occupations where at least half their time is spent doing activities that could be automated by adapting technology already available, according to research from the McKinsey Global Institute. These include the three biggest occupations in the country: retail salespeople, store cashiers and workers preparing and serving food, collectively totalling well over 10m people.
Yet evidence of human obsolescence is conspicuous by its absence in the US’s economic statistics. The country is in the midst of its longest private-sector hiring spree on record, adding 14.4m jobs over 73 straight months, and productivity grew only 1.4 per cent a year from 2007 to 2014, compared with 2.2 per cent from 1953 to 2007. Those three big occupations all grew 1-3 per cent from 2014 to 2015. Cont'd...
Robots Helping Grads Get Jobs
Not many students can claim they have hands-on experience with automation and robotics going into an interview. Looking at the question with a macro lens, our students are offered job opportunities on being well-rounded, even at the sophomore-level when many accept summer/semester-long internships.
Republican-Leaning Cities Are At Greater Risk Of Job Automation
By Jed Kolko for Five Thirty Eight: More and more work activities and even entire jobs are at risk of beingautomated by algorithms, computers and robots, raising concerns that more and more humans will be put out of work. The fear of automation is widespread — President Obama cited it as the No. 1 reason Americans feel anxious about the economy in his State of the Union address last month — but its effects are not equally distributed, creating challenges for workers and policymakers. An analysis of where jobs are most likely to face automation shows that areas that voted Republican in the last presidential election are more at risk, suggesting that automation could become a partisan issue.
So-called “routine” jobs — those that “can be accomplished by following explicit rules” — are most at risk of automation. These include both “manual” routine occupations, such as metalworkers and truck drivers, and “cognitive” routine occupations, such as cashiers and customer service reps.1 Whereas many routine jobs tend to be middle-wage, non-routine jobs include both higher-wage managerial and professional occupations and lower-wage service jobs. Cont'd...
Where are the Top Robotics Employers?
The below table shows the location, the number jobs & the key employers. We only searched for jobs that had "Robotics" in the job title.
Myth Busting: Greater Manufacturing Automation Doesn't Mean Fewer Jobs
When it comes to addressing manufacturing labor challenges, companies shouldnt be quick to assume that job opportunities will decrease as a result of an increase in automated systems.
Adept Technology Hires Vice President of North American Sales for Fixed Robotics
"Brian McMorris brings to Adept more than 20 years of experience in the
automation industry, successfully cultivating companies' sales and
distribution teams, developing strategic marketing plans, and consistently
exceeding revenue goals"
Bishop-Wisecarver Group Announces Drew Leppert as Director of Sales, Distribution
Prior to BWG, Drew served in numerous sales management roles with Honeywell, Intl for a decade.
Adept Technology Adds New Distributor
HTE Technologies Will Market and Support Adept Robots in Missouri,
Kansas and Southern Illinois
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