Workplace Robot Orders Jumped By 40% In First Quarter

According to the Wall Street Journal, workplace robot orders increased 40% in the first quarter of 2022, and were up 21% overall in 2021. The robot industry is now valued at $1.6 billion. Business Insider reports: Robots are providing at least a temporary solution for businesses confronted by difficulty hiring in the tightest job market since World War II, marred by the pandemic, record-high quitting rates, and vast economic turmoil. [...] Advanced technology, however, is allowing machines to assist a growing number of industry sectors, while at the same time becoming more accessible. But as robot usage climbs, some have expressed concern about the machines displacing human workers as the labor crisis eventually eases. "Automation, if it goes very fast, can destroy a lot of jobs," Daron Acemoglu, an economics professor at Massachusetts Institute of Technology, told the Journal. "The labor shortage is not going to last. This is temporary."

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