There have clearly been tremendous, almost mind-boggling improvements in robotic technology in recent years. Yet, the impact on employment in the US thus far – especially in the manufacturing sector – has been modest at best to date. Despite the rise of robotic capabilities over the period since the recession year of 2009, US manufacturing employment is up slowly but steadily, though tailing off just a bit in the past year, as can be seen in the chart below from the St. Louis branch of the Federal Reserve bank.
The gray vertical bars in the chart indicate recessions, and […]
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