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Improved Technology Could Mean Reduced Jobs

Business technology One of the top priorities for any company is to reduce operation costs. Improved technology and automation have drastically cut these costs for many businesses, but it may be at the expense of losing employees, according to the Daily News.

It’s estimated that the number of jobs that could be replaced with automation in developing countries ranges from 55% in Uzbekistan to 85% in Ethiopia.

Generally speaking, impoverished countries have a higher potential for adopting technology upgrades as compared to prosperous economies, as shown in World Bank research that features in a new study from Citi and the Oxford Martin School.

With the looming threat of automation, creating a manufacturing base on the back of what would already be considered cheap labor may now be a less feasible path towards development.

Around 57% of jobs could be fully computerized, with many developing nations having even higher automation potential.

The reason that developing countries that already have cheap labor are at such a high risk of losing jobs is because they have been slower to use expensive existing technologies. This has kept many of the jobs simple and easily automated.

“Increased automation in low-wage countries, which have traditionally attracted manufacturing firms, could see them lose their cost advantage and potentially lose their ability to achieve rapid economic growth by shifting workers to factory jobs,” according to the report.

Even as much as 77% of jobs are currently in danger in China, which has the world’s second-largest economy, surpassing the U.S. as the largest market for industrial automation. Just being the second largest market means that many impoverished or low-income areas in the U.S. could also be in danger of losing jobs due to automation — even in fairly tech-savvy areas like Rochester.

The high demand for automated technologies has lead to a slew of new machines and tools being created that threaten jobs.

For example, as Robotics Online of the Robotic Industries Association reports, the tech company Robotiq recently launched their new Force Torque Sensor: the FT 300.

With plug and play integration for all Universal Robots, Force Torque Sensor FT 300 actually offers robots a sense that imitates touch. This greatly improves the precision of operations, such as product testing, assembly, and precise and fast part insertion.

Robotiq’s sensor are specially designed for the coupling, integration, and programming of Universal Robots. Its versatility opens up a new array of force sensitive applications that are fast and easy to automate with the all-in-one packages that include the necessary hardware and software.

Besides just being able to perform a multitude of tasks, torque sensors can also be used in a variety of environments. They are designed to operate in a wide temperature range between -425 degrees Fahrenheit to 450 degrees Fahrenheit.
However, Robotiq says they are not out to take away jobs from people but rather to remove tedious tasks and allow workers to focus on where they can truly create their own value.