There are certain trades for which a greater number means a greater profit. For all such trades, automated robots are the best bet. It is because you can choose to keep them working all night and day without a stop.
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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Even more critical, other costs like training costs especially in countries where there is inadequate skilled manpower will force the manufacture to invest in staff training and this will make offshore manufacturing unviable. Also because of competition and the supposedly cheaper labor may make it harder for the foreign investor to retain the workers he has invested heavily to train. This may result in a higher turnover of employees hence straining the operating finances.
Other robots use machine vision systems to perform complex tasks, such as weld inspection and optimization in the automotive industry. These usually involve elaborate actions and motion sequences, which the robot may even have to identify itself.
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.