According to a recent report, reservations for automated technology and robots rose 40 percent in the first quarter of 2022 as businesses seek solutions to address their ongoing labor shortages. One MIT professor warns: “Automation, if developed quickly, can destroy many jobs. The labor shortage will not last. This is temporary. “
Latest reports Wall Street Magazine Employers in the United States are said to be starting to fill workforce gaps using automated technology and robots. According to the Advanced Automation Association, robot orders rose 40 percent in the first quarter of 2022, after an overall increase of 21 percent in 2021.
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The automation industry is currently valued at $1.6 billion following increased demand. In November, Ametek A.Ş. “People want to cut workers,” David A. Zapico told Bloomberg, adding that the automation equipment company has been “totally blown up” in recent months to keep up with demand.
Job vacancies in the US hit a record 11.5 million in March, and many experts predict the labor crisis could continue for several more years. The shortage has already had a huge impact on industries like air travel and retail. However, many have successfully turned to machines to do certain jobs.
“Robots are getting easier to use, companies find automation too complex or too expensive to implement,” said Michael Cicco, CEO of industrial robot supplier Fanuc America. But many fear that the increasing increase in automation could lead to layoffs in the coming years.
Daron Acemoglu, professor of economics at the Massachusetts Institute of Technology, said: “Automation can destroy many jobs if it develops fast. The labor shortage will not last. This is temporary. “
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Source: Breitbart
