Each industrial robot displaces 1.6 workers: report

Each industrial robot displaces 1.6 workers: report

Creative Commons Dive Brief:

One industrial robot displaces an average of 1.3 workers the first year after installation, but the rate grows to 1.6 workers in the following years as companies figure out the best way to deploy robots in operations, according to a report released last June by Oxford Economics.

China has seen the greatest decline in its manufacturing workforce since 2000 with 550,000 fewer people working in the sector as of 2016. China also leads the way in automation — accounting for 36% of global industrial robot sales in 2017, the report found. The automotive industry leads […]

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