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Arba Minch University College of Business and Economics Program of MBA PDF

8 Pages·2019·English
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by ['Mahedre Zenebe']| 2019| 8 pages| English

About Arba Minch University College of Business and Economics Program of MBA

This article discusses how robots are replacing human workers and how that replacement is expected to increase over the next decade. It notes that robots are getting cheaper to produce and own, cutting labor costs significantly in many countries. A report from the Boston Consulting Group predicts that robot investment will grow 10% annually, resulting in robots performing over 23% of manufacturing jobs by 2025, up from only 10% currently. While replacing humans benefits companies through lower costs, it also results in many job losses for workers. The advantages and disadvantages of robotics are discussed.

Detailed Information

Author:['Mahedre Zenebe']
Publication Year:2019
Pages:8
Language:English
Format:PDF
Price:FREE
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