Industrial Robots
Director in United States
Industrial Robots
Director in United States
Many of the claims that the next industrial robotsproduction system find it here will boost inequality point to the decline in labor’s share of national income as evidence that technology has harmed labor and helped capital—and that this decline will accelerate. First, when looked at over the longer term, and when using net income instead of gross, there has been almost no decline in the share of U.S. national income going to labor. Gross domestic income includes depreciation (what the U.S. Bureau of Economic Analysis terms “capital consumption”), which amounts to about 16 percent of GDI. When these are pulled out, labor’s share of net income was around 70 percent of net domestic income in 2017. It is true that labor’s share rose slightly from 1940 to the early 1990s to around 73 percent and has fallen slightly since then.
Today’s industrial robotis automation redefines the manufacturing process as we know it. Robots assemble, paint, screw-drive, label, pack, polish, weld, inject molding and more. How do you know which types of industrial robotics are right for your industry? At around 20,000 new robots installed in 2018, the plastic and chemicals industry is seeing a lot of industrial robots being used for tasks like material handling, dispensing, assembly, and processing.