Think about the current industrial revolution. Before the invention of the automobile, buggy whip manufacturing was a thriving business. No longer. In the same vein, industrial robots hold the promise of eliminating many of the existing jobs in manufacturing. Innovation, centers of excellence. New enterprises promise to replace many of the existing jobs. People need to be flexible, to develop new industries.
Offshore manufacturing can make better sense if the overseas company is located close to where they have a bigger percentage of the target market. For instanceFind Article, Japanese automotive companies like the makers of the Toyota car are setting their manufacturing plant in America where they have a huge market while they export other units home and to the rest of the world.
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Most of the manufacturing conducted in the U.S. is high tech manufacturing, such as chemical, semiconductor, petro-chemical, pharmaceutical, among others. To understand the nature of the manufacturing processes requires background information. That’s where a degree in engineering becomes so critical. Spending the time earning an engineering degree is worth it: many engineering jobs in this sector start around $50,000 and rise up to over $100,000.
Invention of Robots has brought about revolutionary changes in the field of industrial manufacturing. In the earlier part of the century humans were engaged in jobs, which were very dangerous and involved serious health hazards, but in 1956, Unimation a company founded by George Devol and Joseph F. Engelberger invented the first robot. These were initially used in industries where it was required that dangers involved in working should be reduced like in spot welding, die casting and forging and then gradually they were employed in areas requiring greater strength and accuracy than human beings.
The Forex money managers, traders or simply those previous employees from the currency trading wings develop complicated algorithms which make the task of reading the market a lot easier. They mix it with precious trader experience. All this cumulatively become an automated Forex robot.