Robots are making inroads in the modern workplace, but the promised benefits aren’t materializing. The robot revolution is real, but the effects are doubly disappointing. Not only are they displacing workers and taking manufacturing jobs, somehow robots are failing to boost output or make the economy more productive.
When, for instance, an auto manufacturer installs cutting-edge robotic arms, two things are supposed to happen. First, the company becomes more efficient, allowing consumers everywhere to reap the benefit of less-expensive, robot-welded cars. Second, while they might lay off some assembly line workers, in theory those workers could move into high-demand jobs […]
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