Published at Wednesday, November 14th, 2018 - 11:51:53 AM. Manufacturing Robot. By Michaele Artois.
In Trump's first 100 days in the oval office, he hasn't done so much for what he had promised during his 2016 Campaign. In recent statements about what he plans to do about recreating American manufacturing jobs, he has changed his position on this issue off bringing back all offshore accounts to the states, to only having some reside in the states and others remain in their producing countries. Only time will tell how this promise of bringing back all manufacturing jobs to the United States will affect the nation and the world 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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