Robots not job killers, trade group says as sales hit record

By | August 4, 2014

Scalper1 News

With companies like Apple (AAPL) and Tesla Motors (TSLA) making headlines for their increasing use of robots in manufacturing, a robotics industry trade group wants to dispel the notion that robots are job killers. The North American robotics industry is off to its fastest start ever in 2014, according to the Robotic Industries Association. And this is happening while the U.S. unemployment rate continues to fall, the group said. A record 14,135 robots, valued at $788 million, were ordered from North American robotics companies in the first half of 2014, an increase of 30% in units and 16% in revenue over the same period in 2013. The second quarter was the main driver of first-half sales, with 8,197 robots valued at $450 million sold to North American customers. This performance shattered the previous record for a single quarter, which was Q4 2012. The Q2 2014 numbers exceeded the prior record… Scalper1 News

Scalper1 News