© Getty Images Firms that are heavily reliant on low-wage workers are actively investing in robotics to replace them and being rewarded on the stock market for their successes.
Many of these firms strive to be “Amazon proof.” Right now, it looks like the likelihood of surviving will bifurcate around the “haves” and “have-nots” of robot technology, some of which is designed to replace low-wage workers.
Evidence pointing in this direction can be found in a report I recently prepared for the European Commission’s Directorate-General for Employment, Social Affairs and Inclusion.Estimates from 24 countries reveal that the automation of jobs over […]
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