May 18, 2020

IFR on the post-COVID-19 economy: “Robots create jobs”

Does robot adoption deprive people of their jobs or on the contrary – are its effects on the job market positive? What is the long-term impact on economy, especially in the post-COVID-19 era?

The stance of IFR (International Federation of Robotics) is clear: “The impact of automation on employment is not in any respect different from previous waves of technology-driven change,” says Milton Guerry, President of the International Federation of Robotics. “Productivity increases and competitive advantages of automation don´t replace jobs – they will automate tasks, augment jobs and create new ones.”

IFR adds that companies that employ technology are 10 times more productive.

Being a member of IFR, we are happy to have contributed to this topic with our insights.

 

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