The end of “Made in China”
We may be on the brink on the next industrial revolution. One company is trying to introduce robots in manufacturing. So far this has been the domain of cheap workforce in China. But this robot costs as much as a small car and can work without breaks for long periods of time. Some estimates suggests this robot’s cost could be as low as $1 for an hour of its work, or less.
In the coming years, these robots will get cheaper, smarter and more reliable, reducing the cost of manufacturing even more and making them usable in other areas. Soon many products will be assembled locally, so they will become cheaper not only because making them will be cheaper, but also the shipping costs will become lower.