Knowing my concerns about the danger of robots making the already corrosive economic inequality in our country even worse, a friend and former colleague of mine passed on a blog post that is a must read: The Real Story of Automation Beginning With One Simple Chart by Scott Santens. The one simple chart shows that when the number of oil rigs began to rebound after the 2016 decline in oil prices, the number of oil and gas industry employees didn't budge. The reason? Robotic "Iron Roughnecks" now perform the repetitive task of connecting drill pipe segments as the well is drilled deeper and deeper. What once took a crew of 20, will soon take a crew of 5.
The trend is difficult to ignore. And there are so many other good points Read More
The trend is difficult to ignore. And there are so many other good points Read More