In China, India, Vietnam, Cambodia, Laos, Indonesia, etc. cost of a laborer for many jobs is still lower than a high grade robot. Only for super-automated simple robot jobs (like with the 20+ year old industrial automatons in the above TikTok video) and extremely high volume output does robots automatically make sense.
Everything is about cost efficiency frontier. You pick the cheapest option you have and this is always balanced against financing costs (which change, as people in the past 4 years have finally notice) and against sales volume/margin risk (ditto).
But yeah, in the wet dreams of industrialists: 90% manual labour will be replaced by robots.
Q: who will mine the minerals, transport them from the far ends of the earth, design, build, maintain, repair and program the robots? AI doing this? We are not there yet - in fact we are far away (friend has a robotics form in one field, trying to crack just one human done manual labour with robots for the past 20 years.... still can't be done).
In China, India, Vietnam, Cambodia, Laos, Indonesia, etc. cost of a laborer for many jobs is still lower than a high grade robot. Only for super-automated simple robot jobs (like with the 20+ year old industrial automatons in the above TikTok video) and extremely high volume output does robots automatically make sense.
Everything is about cost efficiency frontier. You pick the cheapest option you have and this is always balanced against financing costs (which change, as people in the past 4 years have finally notice) and against sales volume/margin risk (ditto).
But yeah, in the wet dreams of industrialists: 90% manual labour will be replaced by robots.
Q: who will mine the minerals, transport them from the far ends of the earth, design, build, maintain, repair and program the robots? AI doing this? We are not there yet - in fact we are far away (friend has a robotics form in one field, trying to crack just one human done manual labour with robots for the past 20 years.... still can't be done).
You need to visit Congo. Human "robots" still the cheapest.