Robots to Rule the World? Taking All Jobs? Replace Women?

These two posts here and here by Mish Shedlock offer additional insight into the world of robots and their impact on the economy and labor markets.  We have discussed the rise of productivity in America and the movement of work back to the states that creates work but with less people (see our posts here, here, and here).

With the rise of robots actually performing the manufacturing there is a need for less people but also a rise in the need for people with advanced skills to maintain the robots.  This is where a structural shift in labor markets is occurring and frankly it appears that the US is behind the curve.



You can see from the two charts below the impact all of this automation and productivity increases are having on the manufacturing labor sector.