Job-specific training brings value to companies but can be very complicated when it comes to making sure every worker has had the best training possible to effectively produce the best products for customers. Especially in the manufacturing industry, efficiency is key and if products are not consistent with quality, they will be worse off in the economy.
Analysts say that the use of robots has moved away from the large, expensive machines used for the most recent years in industries such as the automotive sector, to much more complicated robots that are more capable of completing more complex tasks. This enhances the competition inside the economy, basically providing a staple to go off of. Without scaling up to competition, companies can have severe, negative impacts as a result of not competing with industry innovation. According to Boston Consulting Group, investment into robots will rise 2-to-3 percent annually. Taking away one of the major staples to the manufacturing industry, and having blue-collar working people, would stop this annual growth and have an impact on the economy and competition.
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Industrial robots find application in tasks such as repairing, welding, painting, grouping, allocating, product inspection and testing. Vehicle and manufacturing industries use these appliances to design auto parts, gather equipment and scrutinize manufactured parts. Industrial robots are substituted for manpower in perilous jobs, which require carrying out hazardous and unsafe tasks.
You see, there was an interesting article in Business Insider Tech News titled ”Foreign robotics companies find success in China,” written by Jonathan Camhi published on September 22, 2015 which stated: