Robots are getting cheaper and there are more workers qualified to handle them than there were in 1990 according to a new study by McKinsey. So where to they go from here?
As robot production has increased, costs have gone down. Over the past 30 years, the average robot price has fallen by half in real terms, and even further relative to labor costs. As demand from emerging economies encourages the production of robots to shift to lower-cost regions, they are likely to become cheaper still.