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February 11, 2015

As robots move in, wages will fall in manufacturing

  • New robots are cheaper and can do more things, with improved sensors that let them react to the unexpected.
  • By PAUL WISEMAN
    AP Economics Writer

    WASHINGTON — Cheaper, better robots will replace human workers in the world's factories at a faster pace over the next decade, pushing manufacturing labor costs down 16 percent, a report Tuesday said.

    The Boston Consulting Group predicts that investment in industrial robots will grow 10 percent a year in the world's 25-biggest export nations through 2025, up from 2 percent to 3 percent a year now. The investment will pay off in lower costs and increased efficiency.


     
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