The number of industrial robots is increasing rapidly, but shipment stats, a good indicator of investments, are showing only minor improvements. Photo: iStockphotoStockholm: Economists, politicians and business leaders are all singing the praise of computers, artificial intelligence and robots. The lack of productivity growth over the past 10 to 15 years has been a hot topic of discussion. For instance, the number of industrial robots is increasing rapidly, but shipment stats, a good indicator of investments, are showing only minor improvements. “So next time you hear economists talk about the productivity boost the robots are going to give us, make them show you the statistics.

Source: Mint April 10, 2018 12:22 UTC