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EU Launches World's Largest Civilian Robotics Program; 240,000 New Jobs Expected
Hallie Siegel writes: "The European Commission and 180 companies and research organizations (under the umbrella of euRobotics) have launched the world's largest civilian research and innovation program in robotics. Covering manufacturing, agriculture, health, transport, civil security and households, the initiative – called SPARC – is the E.U.'s industrial policy effort to strengthen Europe's position in the global robotics market (€60 billion a year by 2020). This initiative is expected to create over 240,000 jobs in Europe, and increase Europe's share of the global market to 42% (a boost of €4 billion per year). The European Commission will invest €700 million and euRobotics will invest €2.1 billion."
It worked pretty well as long as there were still "new products" that could be sold, and the people building that products (cars, washing machines, TVs) where essentially roughly the same segment of the population that actually bought them in the end. Then every increase in productivity meant an increase in wealth.
Back then the economic motor was "build more stuff that people actually want to buy". which is in my opinion the only reason that can make commerce prosper.
"Make more money" and "Create more jobs" goals are in my opinion just as worthless as economic motors as the old communist "Make everybody equal" goal. Neither of those actually CREATES wealth, only building new stuff that people actually want that actually winds up in the hands of most of the populace creates wealth. The trip that most "make money" companies these days are on (produce in low-wage countries, sell in high-wage countries) will someday come to an end when the former high-wage countries collapse. It's just a matter of time and a matter of how big a bang they create when they go down.