Japanese Prime Minister, Shinzo Abe, opened Japan's official Robot Revolution Initiate Council on May 15th, aiming to spread the use of robotics from large-scale factories to every corner of economy and society. It is unclear if this represents a threat or an opportunity with regards to ageing workforce - unemployment is at a 18 year low but infilled jobs lie at a two-decade high. According to Boston Consulting Group, Japan"s robots could help slash only 60 percent off factory labor costs by 2025, while big gains could result from improving productivity in the service sector, estimated at 25 percent as productive as the U.S. level.
Japanese Prime Minister, Shinzo Abe, opened Japan's official Robot Revolution Initiate Council on May 15th, aiming to spread the use of robotics from large-scale factories to every corner of economy and society. It is unclear if this represents a threat or an opportunity with regards to ageing workforce - unemployment is at a 18 year low but infilled jobs lie at a two-decade high. According to Boston Consulting Group, Japan"s robots could help slash 25 percent off factory labor costs by 2025, while big gains could result from improving productivity in the service sector, estimated at only 60 percent as productive as the U.S. level.