November 09, 2014
BCG Sees Robots Growing 10.4% To 2025

Like generals who prepare to fight the last war some economists are trying to encourage us to fight old demographic battles. Tyler Cowen and Robin Hanson, you are fighting the last war while the new one takes shape: 10.4% CAGR (Compounded Annual Growth Rate) says a Boston Consulting Group report.

Initially, robots were used mainly for dirty, dull, repetitive, or dangerous tasks that did not require high precision, such as painting car doors or spot welding. Today’s robots, by contrast, are moving into a new range of precision applications far beyond the manufacturing realm. For instance, they’re enabling food processors to make products untouched by human hands. At Sweden-based Charkman Group, robots slice and pack high volumes of salami, ham, turkey, rolled pork, and other cooked meats. At the heart of the line is an intelligent portion-loading robot that can handle 150 picks per minute across multiple sizes and types of meat.

Pay attention to "Robot density".

“Robot density,” a metric indicating the number of robots per 10,000 manufacturing workers, is currently highest in South Korea and Japan. Approximately, 40 percent of the industrial robots used today are in the automotive sector, in which robot density already tops 1,000 in five countries—Japan, France, Germany, the U.S., and Italy.

What happens to this measure when there are not even 10,000 manufacturing workers left in car factories?

I do not want human domestic servants. I eagerly await the Dyson Eye vacuum cleaner and other robotic home servants.

Share |      Randall Parker, 2014 November 09 10:52 AM 

bob sykes said at November 10, 2014 3:49 AM:

Human domestic servants were the method used in Jane Austin's world to redistribute income. They are also a display of wealth and power. Consequently, expect to see a rebirth of the gentry and their well-staffed manors.

Ronald Brak said at November 11, 2014 8:38 PM:

Let's see, my sister probably spends 60 bucks a week paying someone to clean her house for 3 hours. In Sydney rather than out beyond the black stump that might cost $150. Sixty dollars a week comes to about $3,100 a year. In other words, my sister should be willing to pay about the cost of a new car for a domestic robot that only does the equivalent of a few hours of human equivalent work a week. In reality even a quite basic multi purpose domestic robot should be more productive than that. It might only work at one tenth the speed of a human but it could keep it up 24 hours a day if need be. And they'd be great for helping the elderly and or disabled maintain independant lifestyles. So there's a huge market out there and I think it's about ready to be exploited. Of course, this will be a bit of a problem for my sister's current human cleaner.

Brad Pitt Fight Club Jacket said at January 19, 2015 5:09 AM:

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