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Are robots hurting job growth?
Baxter costs $22,000, and can be trained to do a new task by a coworker in a matter of minutes. It can also be upgraded like an iPad with new software as new applications are developed.
[Rodney Brooks: And when you're training it...]
Brooks and investors in his new startup, Rethink Robotics, see a potential market worth tens of billions of dollars, and believe that Baxter can help small U.S. manufacturers level the playing field against low cost foreign competitors.
Rodney Brooks: If you're using robots to compete with a simple task that a low-paid worker does in a foreign country you can bring it back here and do that task here.
Steve Kroft: Baxter costs 22 grand?
Rodney Brooks: Yep.
Steve Kroft: How long does he last?
Rodney Brooks: It lasts three years.
Steve Kroft: Three years?
Rodney Brooks: So you can think that as 6,500 hours.
Steve Kroft: I think it works out to about $3.40 an hour?
Rodney Brooks: About that yeah.
Steve Kroft: $3.40, that's probably the wages of the Chinese worker, right?
Rodney Brooks: It's just about right there now.
Steve Kroft: So here you could buy one of these robots and it would be like getting a Chinese worker?
Rodney Brooks: In a manner of speaking.
That strategy has already had some success at Adept Technology, the largest manufacturer of industrial robots in the country with a wide and varied product line. John Dulchinos is the CEO.
John Dulchinos: So this is our flagship product. This is our Cobra robot. This is the class of robot that was used to automate Philips electric shavers.
The robots at the Dutch company's factory in the Netherlands proved to be so efficient and economical, that Philips decided to move its main shaver assembly line out of China and back to Holland.
Erik Brynjolfsson: I think that those workers in China, in India, are more in the bullseye of this automation tidal wave that we are talking about than the American workers.
But even if offshore manufacturing returns to the U.S., most of the jobs will go to robots.
Andrew McAfee: When I see what computers and robots can do right now, I project that forward for two, three more generations, I think we're going to find ourselves in a world where the work as we currently think about it is largely done by machines.
Steve Kroft: And what are the people going to do?
Andrew McAfee: That's the $64,000 question.
Andrew McAfee: Science fiction is actually my best guide because I think we are in that time frame going to be in a very weird, very different place.
It brings to mind Stanley Kubrick's "2001: A Space Odyssey," and the rebellious computer robot "HAL". Technologically speaking, we are just about there.
[Dave Bowman: Open the pod bay doors, HAL.
HAL: I'm sorry, Dave, this mission is too important for me to allow you to jeopardize it.]
Everyone agrees that it's impossible now to short circuit technology. It has a life of its own and the world is all in for better or for worse.
[HAL: Stop, Dave.]
We wanted to leave you on this positive note.
Erik Brynjolfsson: One thing that Andy and I agree on is that we're not super worried about robots becoming self aware, and challenging our authority. That part of science fiction, I think, is not very likely to happen.
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