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Manufacturing

Why Robots Might Boost Industry While Killing Jobs

Globalization is an easy culprit for the recent wave of U.S. unemployment, with domestic jobs shipped overseas to be replaced by cheap labor, often without adverse impact on the quality of a company's products or services. Apple is just one high-profile example of this trend. But automation and robotics may be contributing even more to our stubborn unemployment figures. Paradoxically, robots could also help bring manufacturing jobs back to the U.S. The Jan. 13 broadcast of 60 Minutes featured several Techonomists to help explain how this might happen.   More