Technological Advancement may Give Way to Rise in Unemployment, Says Expert

(Photo : Getty Images – Bill Pugliano)   Robots have been used in the manufacturing industry for more than seventy years. The earliest record of an industrial robot, which adheres to the ISO definition, dates back to 1937 and was completed by Bill P. Taylor. The device is powered by a single motor and could stack wooden blocks in pre-programmed patterns. Since then robots have been present in almost all industries. Now coupled with the advancement in artificial intelligence, some experts believe that robots would soon play a more important part in the modern workforce. One tech insider however warn about the possible disadvantages of the developments in robotics.   Like Us on Facebook Just last Sunday, Professor Moshe Vardi delivered a speech to members of the American Association for…


Link to Full Article: Technological Advancement may Give Way to Rise in Unemployment, Says Expert