Robots and diamonds

Edmonton Journal - canada.com network

From the article:Also:This sentence is extremely important: "Robots are invading the industry so quickly that some companies are using them exclusively to put the sparkle in their gems." One year, people are doing all the work of diamond cutting. The next year, robots "invade the industry" and an entire industry is largely gone from the labor pool.

This is not the slow, century-long process we saw with the loss of jobs in agriculture or in manufacturing. It is a three-to-five year process instead. Once robots cross over the cost/benefit cusp, everyone in the industry must convert to robots rapidly or go out of business. Thousands of workers are quickly unemployed.

Imagine the economic effects when retail, construction, transportation, etc. all automate at approximately the same time, and you understand the power of the Robotic Nation.

Comments: Post a Comment

<< Home
Archives © Copyright 2005 by Marshall Brain
Atom RSS

This page is powered by Blogger. Isn't yours?