U.S. manufacturing is much more automated than it was thirty years ago. Automation equipment, such as welding robots, perform the manufacturing tasks. Human workers maintain and program the robots. This requires a lot of technical knowledge. The demand of robot programmers is high.
Increased adoption of industrial robots coupled with a huge push from the industry for collaborative robots, opens opportunities for robotic solutions. In the immediate future industrial robots strengthen the position of every industry, promising more manufacturing efficiency at every level.
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Offshore manufacturing is beneficial to both the manufacturer’s country of origin and the host country for it provides employments opportunities, taxes and other benefits for the host country. As for the company’s origin country, it lowers the cost of goods and services because goods produced cheaply are also sold at a competitively cheaper price.
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Proponents of a minimum wage increase say it will not affect jobs, corporations or small businesses adversely. Well, I suppose that a slight increase in minimum wage wouldn’t and it might keep the masses happy, but it won’t be a net positive, every little increase will affect businesses, profits, capital investment and jobs. Let’s talk a little bit about economics 101 and then let me light a fire under your rear with a robotic future reality if minimum wage increases are too drastic.