One thing to keep in mind about robotics in factories is that AI is improving over time and while humans may have lower error rate for now that will not last... Also you have to pay humans salaries and benefits, robots you can buy and there is no ongoing large costs. This is what USA is working on right now and it will eliminate China labor cost advantage in the near future.
Robotics is the next big investment area, there will be big money made there. Interestingly, despite my dislike of Tesla, I believe Tesla is the best AI investment right now. They are rolling out robot-taxi in Texas right now and these AI Robotic taxies will be responsible for most of the Tesla valuation in a few short years, additionally consumer robotics would be the next big thing after Robotic taxis...
Oh for sure. This was another part of the conversation. Not only that, because people are getting worse, the robots will close the gap faster also. For this particular case though, it is for high-pressure parts and out of 200,000 welds, there can be zero leaks. The robots can't do it, but the people can see the errors. For now. All will change in a few years.
I suspect so. I also see that "car sales" will decrease over time, as most who don't drive often will opt to take taxi or self-driving car share services. Apartment building body corporate will buy a few cars and leave them in the carpark for tenants to use/rent and there will be overall, less cars on the road. The volume game will reduce, the SaaS models increase.