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India Robotics Industry's Growth Spurt Puts Millions of Jobs at Risk [Video]
Voice of America ^ | June 22, 2017 | Anjana Pasricha

Posted on 06/23/2017 5:51:17 AM PDT by C19fan

A rapidly-growing robotics industry in India is helping usher in automation technology in companies. But at a time when the country is struggling to create jobs for millions of young people, the World Bank has warned that automation could put 70 percent of India’s jobs at risk. Anjana Pasricha has this report from New Delhi.

(Excerpt) Read more at voanews.com ...


TOPICS: Business/Economy
KEYWORDS: ai; robotics
This is a country where the average monthly wage is around $300 a month. If AI/Robitics can compete with that level of wages there is going to be a serious problem when hundreds of millions of people have no hope for a job.
1 posted on 06/23/2017 5:51:17 AM PDT by C19fan
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To: C19fan

Not only that, most of the businesses in India only have 100 dollars of free capital, unless they are going to rent out robots for 14 dollars a month to these guys it isn’t going to happen.


2 posted on 06/23/2017 5:54:50 AM PDT by dila813 (Voting for Trump to Punish Trumpets!)
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To: C19fan

Yes. A lot of people shrug off the repercussions of automation by saying, “People will just get jobs as robot technicians. It’s no big deal.”

But this appears to not be the case. Paying someone $300 a month is not cost effective if robots can do the work. And in America? Where the average person earns about $45,000 a year? I foresee lots and lots of robots and not nearly as many robot technicians.


3 posted on 06/23/2017 5:55:28 AM PDT by ClearCase_guy (Islam: You have to just love a "religion" based on rape and sex slavery.)
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To: C19fan

I was 25 and taking Microsoft Suite and typing courses on a 4k government grant. (BOY did they make their money back in taxes over 20 years for a three month course!!)

Driving a cab at the time, and some Bitter driver tol me that I was wasting my time. There were computers that could type what you say. I would not be needed any longer.

I thought “#### you” and finished the courses.

It’s now 25 years since he said that and the graphics departments I worked in, they STILL are no where near using voice technology for creating documents, doing graphics, AND TYPING.

“Analysts” are so much more often wrong than they are right.


4 posted on 06/23/2017 5:57:20 AM PDT by dp0622 (The Left should know that if Trump is kicked out of office, it is WAR!)
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To: dp0622

Certainly some of the predictions don’t come true as quickly as the experts say. But I remember working in a law office in the late 70s — every lawyer had a personal secretary to type his letters and take his calls, and there was also a typing pool — a room full of women who typed all day.

That sort of thing is gone, gone, gone.

A lot of expert number-crunchers in banking and finance are being replaced by machines now. Low-skill jobs at McDonald’s are going to robots, and “good” jobs are also in danger. Of course some jobs are in no danger and some of the dire predictions will prove false.

But all the same, there is a change coming.


5 posted on 06/23/2017 6:05:33 AM PDT by ClearCase_guy (Islam: You have to just love a "religion" based on rape and sex slavery.)
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To: ClearCase_guy
Paying someone $300 a month is not cost effective if robots can do the work.

Near term, there's going to be a much bigger initial cost to buy a robot than there will be to hire someone to do the job. Are most small businesses going to be able to cover that cost? Probably not, at least not until robots which can replicate every function of that job are available for a few thousand dollars.

If we look into the far future at a scenario in which most companies can use robots and AI to do all manual labor and many or most forms of intellectual labor, who exactly is going to be able to buy their offerings? Automation, 3D printing and AI are bigger threats to corporations long-term than they are to individuals - as these technologies become cheaper and more advanced, the whole point of large corporations and economies of scale goes away. The future will be individual entrepreneurship and creativity, aided by technology, to provide services and goods tailored for individuals.

At least I hope so...
6 posted on 06/23/2017 6:09:27 AM PDT by AnotherUnixGeek
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To: ClearCase_guy

I deleted the email but only TWO days ago I got an email from a headhunter asking if I wanted to do ANY of three shifts in a document center at a law firm in Manhattan.

And I’ve not done the work for 9 years!!!!

I believe that wherever your from, they may have done that.

But there are still MANY MANY word processing and graphics centers for law firms and investment banks in Manhattan.


7 posted on 06/23/2017 6:17:05 AM PDT by dp0622 (The Left should know that if Trump is kicked out of office, it is WAR!)
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To: C19fan

I call india “the land without shovels” I did a modest amount of business there 10-15 years ago.

It was more cost effective to pay 5 people to dig with their hands than pay one guy with a shovel.

Educated Indians are math & engineering geniuses for sure. Indians also have a deep mercantile tradition which translates into healthy capitalism; but robots ain’t going to replace zillions of untouchables anytime soon.


8 posted on 06/23/2017 6:21:50 AM PDT by vooch (America First)
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To: C19fan

I don’t understand how civilization can exist in a world where a small percentage of the population can do all the work. Idle people do stupid stuff.


9 posted on 06/23/2017 6:29:45 AM PDT by grania (Deplorable and Proud of It!)
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To: grania
I don’t understand how civilization can exist in a world where a small percentage of the population can do all the work. Idle people do stupid stuff.

Well, this seems to be basis for the Agenda21 concept -- we have too many people in the world, so let's kill almost everyone and then we will have a small population of very rich people who are attended by many advanced robots. And everyone will live like kings! (If they aren't dead.)

10 posted on 06/23/2017 6:51:50 AM PDT by ClearCase_guy (Islam: You have to just love a "religion" based on rape and sex slavery.)
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To: ClearCase_guy

A foreign country teaches their youth well, those same youth come to this country for a more formal education in engineering, manufacturing, etc. return to their home country to use that education to put our failing youth out of work by designing and building automated equipment. Our youth are too busy protesting one reason or another. Amazing.


11 posted on 06/23/2017 7:03:28 AM PDT by DaveA37
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To: ClearCase_guy

A robot is nothing more than a machine that CANNOT think or reason. With that said, there are efforts being made to overcome that obstacle as well.


12 posted on 06/23/2017 7:09:08 AM PDT by DaveA37
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To: ClearCase_guy
I've seen that movie many times. It never ends well.

I used to think Agenda 21- exterminate the unnecessaries - was a conspiracy theory beyond consideration. The way things are going, one has to wonder.

13 posted on 06/23/2017 7:16:35 AM PDT by grania (Deplorable and Proud of It!)
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To: C19fan

I’ve heard that thousands of workers in buggy whip factories have lost their jobs due to the booming popularity of horseless carriages.


14 posted on 06/23/2017 7:25:13 AM PDT by Hawthorn
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To: ClearCase_guy

There are factories today that run 24/7/365 using CNC machines and robotics...in total darkness!

The machines are programed to call someone if something goes wrong.


15 posted on 06/23/2017 7:26:09 AM PDT by Beagle8U (Wake up and smell the Covfefe.)
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To: Beagle8U

How’s the govt going to collect taxes from a robot?


16 posted on 06/24/2017 8:52:07 AM PDT by virgil (The evil that men do lives after them.)
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To: virgil

They don’t. Taxes are only collected from those who earn $$.


17 posted on 06/24/2017 9:02:14 AM PDT by Beagle8U (Wake up and smell the Covfefe.)
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