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I can't really answer this question. The two major areas I can think of are health care and capital equipment. Health care because surgeries and even basic pr
by akiselev 14y ago
I can't really answer this question.
The two major areas I can think of are health care and capital equipment.
Health care because surgeries and even basic procedures can be really expensive, especially for the uninsured. Already we can see hair transplant robots [1] that take the cosmetic doctors almost entirely out of the picture and I'm sure surgery robots are being developed. I don't see how this kind of industry can create more jobs than it eliminates. However, better education and awareness of chronic illnesses caused by lifestyle I think would help free up hundreds of billions of dollars that would then stay with the consumers (or non-healthcare corporations which might then just hold on to it).
If you decrease the cost of capital equipment by automating their production (aka, by making automation easier and cheaper), it will allow many more people to buy them and drive their price down further because of increasing volume. This could then lead to a diaspora of small time manufacturers and service providers who replace large entities, become more local, and drive down the prices of everything through competition. The consequences here would be wild and unpredictable. Maybe the sum generated economic activity would be much greater than the whole (as it often is with manufacturing industries), but we can't say that for sure because of the limited value add that these manufacturers can provide over their equipment (as it currently is with manufacturing...). The other consequence would be the devaluation of the equipment causing a devaluation of the service contracts, which would probably lead to more automation through modularity, machine learning, and data driven remote diagnostics of equipment.
But honestly all that above is wild speculation. The future is damn near impossible to predict and I think the presence of economic incentives going in all different directions for all parties involved just makes it a lot more uncertain.
[1] http://restorationrobotics.com/ http://restorationrobotics.com/