The Washington Post reported that over the last 10 years the United States lost more than a quarter of its manufacturing jobs. Although we are all aware it’s cheaper to manufacture products overseas, Washington Post reporter Peter Whoriskey explains that Asia is producing an ever-increasing workforce armed with engineering doctorates. China and other Asian countries are also flowing millions of dollars into high tech research in order to compete with the tech industry in the United States. For example, over the last 10 years China doubled the number of engineering doctorates awarded.
Dealing in the forex markets is considerable risk as is dealing in futures and options. Past performances and profits aren’t any guarantee that the system may perform well in the future too. It’s essential that forex traders can also execute trade through other forex trading software. Most companies like to keep a minimum investment of $10,000 when forex dealers use this type of software program.
Robotic process automation has the potential to spark the next industrial revolution. Bots have been designed that can write literature and compose original music. They are so good at these seemingly ‘creative’ endeavours that humans cannot distinguish between music created by a software program and that by a human composer. Extrapolating from this, smart bots have also found application in developing computer programs and writing code.
Industrial robots promise to replace 70 to 90% of existing manufacturing jobs. People will learn new ways to achieve an economy, to achieve economic development. An economy needs to adjust, to be flexible if you gave pink slips to more than half the labor force.
A few leading vendors profiled in the report lead the market. ABB provides a comprehensive range of robots to help manufacturers improve productivity, product quality and worker safety. Regardless of application ABB has a robot to meet needs of the customer in any industry. ABB has installed 250,000 robots worldwide.