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Press release Box-ID: 1006621

IFR International Federation of Robotics Lyoner Str. 18 60528 Frankfurt am Main, Germany http://www.ifr.org
Contact Mr Carsten Heer +49 40 82244284
Company logo of IFR International Federation of Robotics
IFR International Federation of Robotics

Post-COVID-19 Economy: "Robots Create Jobs"

(PresseBox) (Frankfurt am Main, )

U.S. Bureau of Labor Statistics reported positive impact on employment in past 10 years
MIT´s news office conclusions on economist Daron Acemoglu’s research wrong


Companies around the world are increasing their use of industrial robots: Within five years, the global operational stock rose by about 65% to 2.4 million units (2013-2018). For the same period of time, the U.S. Bureau of Labor Statistics reported a positive impact on the job market: Employment in the automotive industry – the largest adopter of robots – increased by 22% from 824,400 to 1,005,000 jobs (2013-2018). These facts contradict the conclusions recently published by MIT´s news office on economist Daron Acemoglu´s research. Based on data between 1990 to 2007 he deduces an overall negative effect of robots on employment in blue-collar working communities in the US. Yet, recent experience in the US, Europe and Asia proves the opposite: robot adoption will likely be a critical determinant of productivity growth for the post-COVID-19 economy. These are results of the International Federation of Robotics.

“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.”

OECD Research: “Ten times more productive”
Research by the OECD shows that companies that employ technology effectively are ten times more productive than those that do not. To equip the workforce with the soft skills and technical knowledge required in the post-COVID-19 economy, a tight collaboration between industry, government and educational institutions is needed. Governmental policy incentives should encourage corporate investment in training and support funding of education.

Renaissance of industrial production
Companies around the globe are reassessing their global supply chain business models in reaction to the lessons learned from coronavirus. This will likely accelerate the introduction of robots, leading to a renaissance of industrial production in some regions – and bringing back jobs. After the crisis, IFR expects a considerable boost for robotics and automation, even if the industry cannot currently decouple itself from the economic downturn.

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IFR International Federation of Robotics

The International Federation of Robotics is the voice of the global robotics industry. IFR represents almost 60 manufacturers of industrial robots and national robot associations from over twenty countries and was founded in 1987 as a non-profit organization: www.ifr.org

The IFR Statistical Department provides data for two annual robotics studies:

World Robotics - Industrial Robots: This unique report provides global statistics on industrial robots in standardized tables and enables national comparisons to be made. It presents statistical data for around 40 countries broken down into areas of application, customer industries, types of robots and other technical and economic aspects. Production, export and import data is listed for selected countries. It also offers robot density, i.e. the number of robots per 10,000 employees, as a measure for the degree of automation.

World Robotics - Service Robots: This unique report provides global statistics on service robots, market analyses, case studies and international research strategies in service robotics. The study is jointly prepared with our partner organization Fraunhofer IPA, Stuttgart.

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.