Mnuchin on robots taking US jobs: 'It's not even on our radar screen ... 50-100 more years' away

Source: CNBC

03/27/17, 06:26 AM | Industrial Robotics, Mobile Robots | Jobs / Employment

David Reid for CNBC: Almost 4 in 10 U.S. jobs are at risk from being taken over by robots, according to the latest report from consultancy firm PwC.

The analysis released Friday suggested that 38 percent of U.S. jobs could be at high risk of automation by the early 2030s, higher than the U.K. (30 percent), Germany (35 percent) and Japan (21 percent).

The 15-year timeline does not appear to be shared by the U.S. Department of the Treasury, however. In comments made to Axios Media on Friday, U.S. Treasury Secretary Steven Mnuchin said he was not worried about the mass displacement of U.S. workers by robots and could be a century before a labor crisis eventuates.

"It's not even on our radar screen ... 50-100 more years," Mnuchin said.

He added that he was "not worried at all" about robots displacing humans in the near future.

"In fact I'm optimistic". Full Article:

More Industrial Robotics Stories | Articles | News

Featured Product

US Digital's New L2 Low Profile Motor Encoder

The L2 incremental encoder uses US Digital's proven EM1 optical encoder module and disk, which has billions of device-hours of dependable service in customer applications. This product continues US Digital's strong reputation for reliable, field-tested encoders. The L2 is US Digital's lowest height encoder that uses the EM1 module. It has a 0.75 in. bolt-spacing mount. The maximum resolution is 1250 CPR (5000 PPR with quadrature). The L2 comes with a single-ended output. Another benefit of the L2 incremental encoder is its fast installation. The cover snaps onto the base to secure the module. It is designed for use with a high-retention connector or cable (sold separately). Like all US Digital products, the L2 is designed and manufactured in Vancouver, Washington, USA. It is backed by prompt access to our technical and customer service teams with same-day shipping on most orders.