Robots bring a new industrial revolution. Adoption of industrial robots in non-automotive applications is occurring in the electronics, chemicals, pharmaceutical, and food & beverages industries. Industrial robots have opened up new market opportunities. High installation costs have been largely overcome, making industries in developing markets available to vendors. The adoption of robots in underdeveloped countries occurs because of the unavailability of skilled labor.
While businesses have traditionally opted for outsourcing as a means to reduce costs, it has come with its own set of challenges. Time delays, improper communication between the two teams, and the inherent loss of efficiency that comes with delegating one part of a process to an external third party, outsourcing has not been the miracle solution. Robotic process automation, or “cybershoring”, does away with many of these issues. Making the product in house without the additional cost is a boon for businessesArticle Submission, which can now integrate their workflow tighter and do not require as much slack time in between phases either to allow for inefficiencies.
Notice the use of ”deployed” instead of ”employed” and consider how that might change in the near future. Remember China’s labor costs are only a few dollars a day and they are rising ever so slightly, and they already see how they can save money, you think that wouldn’t happen here if we get a 40% increase in minimum wage overnight by Federal Government decree usurping our personal right to free contract? Think about it.
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.
Automated Forex system is not prejudiced by traders’ psychology. This means that the trading program can look into the trading bit without following the trader’s sentiment. For instance, there is a lot of profit in volatile market at times, but a particular trader may not like trading in volatile market. In such events, the robots can help monetize by overlooking the trader sentiment.