In Part 1 , I stated that the real job killer of American manufacturing is robots, not the Chinese or Hispanics. Manufacturing is a good starting point to look at the impact of technology because manufacturing accounts for 12.5 percent of total U.S. GDP and nearly 9 percent of U.S. employment according to the most recent report from the Economic Policy Institute.
As innovation in automation and technology continues to develop, robotics will become cheaper, artificial intelligence will improve, and more sectors of our economy will experience similar transformations to those in manufacturing. A well-cited study from Oxford University analyzed […]
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