Robot Revolution:

Over the next 20 year's robot revolution could change the global economy. It could possibly affect businesses by cutting the cost. Unemployment could also rise, 47% of US workers and 35% of UK workers. affect costs could be saved up to 90% if human workers are replaced with robots. The bank says, “The trend is worrisome in markets like the US because many of the jobs created in recent years are low-paying, manual or services jobs which are generally considered ‘high risk’ for replacement.” By 2020, $152.7bn is expected to be the total global market by robots and artificial intelligence.  With the adoption of these technologies, some industries could improve. According to a new study, robots could flip burgers and help the elderly. Robots will be able to help clean around the house and even assemble machine parts. As robots observe humans doing, they will be able to perform the exact task. Robots are able to work up to 30 days without interruption. On a recent survey of industry experts, by the US polling firm pew, 52% believe that humans would overlook their possible replacements and create new industries and jobs, 48% believe robots and artificial intelligence would affect society. There's nothing new about the fear of humans being replaced. It has been around since the 19th century.