CNBC – Robots giving back to humans…with jobs!
- “When we moved to Bedford 10 years ago, we were the only robotics company within 150 miles. Now there are probably 50 within 30 miles of us.”
- “It means a very substantial increase in productivity and it means we will be able to produce more at lower prices.”
- Robots used in manufacturing once cost up to $250,000. Today there are some that cost under $40,000.
- “If you look at a very low end robot that might be doing some spot welding, it’s about $8 an hour. It’s somewhere between $20 to $25 an hour to do the same thing with a human being.”
- The countries buying the majority of these robots will be those with higher labor costs.
- “It allows countries like the U.S. to do is to bring back work from other places.”
- At a single factory, you might see layoffs of lower paid, unskilled labor. At the same time, that factory would have to hire more college-educated, highly paid workers to program and service the robots and manage the floor.