Home » Machine Economy » The rise of industrial robots and decline of manufacturing jobs

The rise of industrial robots and decline of manufacturing jobs

BofA Merrill Lynch chief investment strategist Michael Hartnett – the one who coined the term “Great Rotation” — in a note to clients writes about where they are forecasting growth in 2014:

“BofAML’s tech analysts favor innovative hardware, the socially mobile consumer and cloud collaboration as their big 2014 themes. We are long tech but wary of the close correlation between Internet stocks and central bank liquidity.”

In an interview he added Tech innovations like 3-D printing, big data & the cloud are primed to fuel corporate growth in 2014 with more and more investments.

The client letter also included this chart indicating:

“The rise in the use of industrial robots and the decline in the number of manufacturing jobs for human beings.”

This is very much in line with my article on the significant increases in orders for industrial robots.

Long Robots short human beings

Original source: Business Insider – H/T Ruben Harris


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