Rising wages in China may be squeezing the profits of many manufacturers — but they are also feeding a boom in the robotics industry.
Wages in China’s cities rose 12.4% last year, while in rural areas they were boosted by 21.9%, accordingto figures from China’s National Bureau of Statistics.
While that may be good for workers, manufacturers are softening the blow to their balance sheets by turning to robotics — which are cheaper, faster and deliver high quality. China is the fastest growing market in robotics, and by 2014 it will top the global market, according tothe International Federation of Robotics.
via Robotics Trends
June 29, 2012
