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If American Robots Had Their Own Economy, It'd Be Bigger Than Switzerland (fastcompany.com)

From a report: The total value of all the robots in the United States, from Roombas to auto-manufacturing plants to those that fold laundry, and everything in between, is $732 billion, a number that, according to a study released today by researchers at CEBR and Redwood Software, is larger than that of the economy of Switzerland. Other findings in the study suggest that American investment in robotics has doubled since 2009, and went up 30 percent between 2011 and 2015.

54 comments

  1. Badger jizz by Hognoxious · · Score: 4, Insightful

    This is like comparing a speed to a distance.

    --
    Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    1. Re:Badger jizz by Anonymous Coward · · Score: 0

      So one is the derivative of the other?

    2. Re:Badger jizz by InfiniteLoopCounter · · Score: 0

      This is like comparing a speed to a distance.

      If you read any suitably advanced astronomical paper they measure distances in speed. You're just not refined enough ;)

    3. Re:Badger jizz by Anonymous Coward · · Score: 1

      This baby made the Kessel Run in less than 12 parsecs.

      LOL...Captcha is "bragger." How fitting.

    4. Re:Badger jizz by Anonymous Coward · · Score: 0

      This baby made the Kessel Run in less than 12 parsecs.

      Ben reacts to Solo's stupid attempt to impress them with obvious misinformation

    5. Re:Badger jizz by thinkwaitfast · · Score: 2

      No they don't.

    6. Re:Badger jizz by GuB-42 · · Score: 2

      This is like comparing a speed to a distance.

      It is just a matter of time.

    7. Re:Badger jizz by quax · · Score: 1

      Or comparing it to the monetary value stored in Swiss banks, which would makes $1T look like a rounding error.

    8. Re:Badger jizz by roman_mir · · Score: 1

      ... before it gains some momentum? Obviously USA has plenty of mass for that.

    9. Re:Badger jizz by Anonymous Coward · · Score: 0

      It's comparing depreciable assets (robots) to GDP. Silly.

    10. Re:Badger jizz by Anonymous Coward · · Score: 0

      you know about satellite hardwares.
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    11. Re:Badger jizz by Anonymous Coward · · Score: 0

      The issue isn't that parsec is a measure of distance instead of velocity. The bigger issue is why are they using a measure of distance which is based on units derived from earth in a galaxy far far away and long long ago?

      Other measures like the speed of light are universal, even if the units used to measure express it may not be. However, parsec is based entirely on earth's orbit around the sun.

      "One parsec corresponds to the distance at which the mean radius of the earth's orbit subtends an angle of one second of arc."

    12. Re:Badger jizz by Hognoxious · · Score: 1

      Maybe it's just a coincidence. Like how "Gift" in German means "poison" in English.

      It's unfuckingcanny how many other words in their time & galaxy mean exactly the same as they do in this corner of ours though.

      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    13. Re:Badger jizz by Coren22 · · Score: 1

      A light year is based upon the length of the orbit of the Earth around the Sun. Therefore it is just as much a derived unit.

      --
      APK likes to ask for responses to the same things over and over. Maybe he just likes the responses?
  2. So? by Anonymous Coward · · Score: 0

    Switzerland does not have a BIG economy, just a VERY GOOD one.

    1. Re:So? by Anonymous Coward · · Score: 0

      fuck off.

    2. Re:So? by Anonymous Coward · · Score: 0

      fuck your mom.

  3. What's the point of this submission? by Anonymous Coward · · Score: 0

    What point is this submission trying to make?

    I'd fully expect a nation with over 320,000,000 people and over 9,000,000 km^2 of land to have made a much larger investment in technology than a small country with only about 8,000,000 people and 40,000 km^2 of land.

    Switzerland is smaller than many US states, both in population and in land area.

    What a fucking moronic comparison.

    1. Re: What's the point of this submission? by pele · · Score: 1

      If he bothered to add the electricity bill of that, then he'd be closer to 0. Unemployed people because of those robots, closer to -$700bn. Social impact that creates? Etc etc.
      I enjoyed every second of my 1.5-hour lunch breaks (something US "economy" participants can only dream of) in Zueri and I'd do it again, given the opportunity.

    2. Re:What's the point of this submission? by Anonymous Coward · · Score: 0

      Even worse is the value or cost vs what is produced. I doubt that $1M automobile robot DOES $1M worth of work each year. If they do we should change the tax code depreciation. Most of their investment have a longer ROI than that. Heck you could buy a robot that did nothing and have it add to the one total!

      If we add up the VALUE of Switzerland I expect we get much different result.

    3. Re: What's the point of this submission? by Anonymous Coward · · Score: 0

      I personally loved 6 weeks compulsory vacation you get in Switzerland.

    4. Re:What's the point of this submission? by HornWumpus · · Score: 1

      Do you have the same reaction every time the eurotrash bitch that America doesn't have passenger railroads like they do? You should.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    5. Re:What's the point of this submission? by thinkwaitfast · · Score: 1

      Switzerland is smaller than US cities in terms of population.

      http://www.wolframalpha.com/input/?i=population+swizerland%2FNYC

    6. Re: What's the point of this submission? by thinkwaitfast · · Score: 1

      Thanks to the US economy, I retired in my thirties.

    7. Re: What's the point of this submission? by Anonymous Coward · · Score: 1

      Thanks to the US economy, many people work 2-3 jobs and will never get the chance to retire. Or even take a nice break.
      Congratulations, you were the winner in winner takes all. Sucks to be everyone else tho.

    8. Re: What's the point of this submission? by Anonymous Coward · · Score: 0

      But that is also how the world works. Some win some lose. Everything cant be gum drops and bubble gum.

  4. Translation by Anonymous Coward · · Score: 0

    There's more money in the world auto and semiconductor industries, relative to lording over international sports from the shores of Lake Geneva.

  5. egalitarianism is nice by OrangeTide · · Score: 0

    But it grows more difficult each day to find a good example of a society where people are equal and there is not a huge gap between rich, poor and middle class. While Switzerland has enjoyed a rather large middle class, even there the trends are that the poor and rich are growing and the middle class is shrinking. (yea, 5 year old article)

    --
    “Common sense is not so common.” — Voltaire
  6. Another thing. by Hognoxious · · Score: 1

    It should be "larger than Switzerland's". Unless they measure economies (whatever they mean by that; I doubt they know themselves) in units of area.

    --
    Confucius say, "Find worm in apple - bad. Find half a worm - worse."
  7. What about gangs? by Anonymous Coward · · Score: 0

    What if gangs had their own economy?

  8. Subwub by pele · · Score: 1

    They quote some company and another yet provide no links to original research? Interesting.

    If by "economy" the journo that quoted an unquotable research paper meant GDP then yes. But you simply need to add just the foreign currency reserves and you're wrong.

    If by "economy" he meant anything else then ha-ha (that simpsons character).

    For example, the company I worked for in CH had an annual IT budget of more than $1bn. ANNUAL.

    Next time either link to original research or bother to investigate and use your brain a little (if you have any)

  9. Re:Which is why they need to be taxed... by layabout · · Score: 0

    I'm waiting for the Republicans to count robots as 3/5th of a person.

  10. I'm still confused by fishthegeek · · Score: 1

    Could someone please give me a metaphor using and automobile, and Libraries of Congress? Thank you.

    --
    load "$",8,1
    1. Re:I'm still confused by roman_mir · · Score: 1

      There are more automobiles in Switzerland than there are Libraries of Congress in the USA. There.

  11. It's Only A Beginning by JimSadler · · Score: 1

    Obviously robotics and automation are about to accelerate at rates never before seen in industry and business. I am waiting for the first business that has no human intervention at all. Imagine a totally automated car factory with zero employees and zero human owners. Imagine if that company starts to take over the car market. The game is a foot.

    1. Re:It's Only A Beginning by Anonymous Coward · · Score: 0

      Except according to the summary it is drastically slowing down now :O

      "Other findings in the study suggest that American investment in robotics has doubled since 2009, and went up 30 percent between 2011 and 2015."

      Altho they only 'suggest', not 'prove' or 'show' anything?

      I doubt any of it means anything at all

  12. Swiss robots and CNC machines by Anonymous Coward · · Score: 0

    Swiss robots and CNC machines are still way better than anything Americans make. I know. It's my job to calibrate them for different manufacturers.

    1. Re: Swiss robots and CNC machines by pele · · Score: 1

      Oh we don't even need to go there. I think we can stop at Zug washing machines.

  13. Not much of an economy is it? by Anonymous Coward · · Score: 0

    The robots aren't purchasing or consuming the goods and services they're creating. This "economy" will fail at some point when the other side can no longer purchase and consume because they're unemployed.

  14. Market takeover? by king+neckbeard · · Score: 1

    That means that American robots can take over Switzerland's most valuable export: neutrality. Pretty easy for bots to best humans there.

    --
    This is my signature. There are many like it, but this one is mine.
    1. Re:Market takeover? by Kjella · · Score: 1

      That means that American robots can take over Switzerland's most valuable export: neutrality. Pretty easy for bots to best humans there.

      More like sociopath CEOs will get the sociopath "employees" they always wanted and that'll take any kind of abuse unfazed. The future is like Uber, click here to install this mandatory update and accept new and worse terms. Cue Darth Vader. And you don't get fired, your account is "suspended" and you're out. If you thought employers were dicks before, wait until they can do it remotely and facelessly so they can pretend not to see you get kicked in the balls.

      --
      Live today, because you never know what tomorrow brings
  15. Obviously robots need to pay taxes by WillAffleckUW · · Score: 1

    Property tax, income tax, sales tax, occupation tax.

    Just saying.

    And go to jail when they kill. Or do machine oils. That stuff's addictive.

    --
    -- Tigger warning: This post may contain tiggers! --
  16. and also by roman_mir · · Score: 1

    The number of molecules in the ocean is greater than the total number of hairs on all people's asses.... just about as a useful comparison.

    1. Re:and also by thinkwaitfast · · Score: 1
  17. Robots already have their own economy by AtariEric · · Score: 1

    It's called Wall Street.

    --
    Don't trust any concentration of power.
  18. What is a Robot? by Excelcia · · Score: 1

    The OP has been modded down to oblivion, though it may have been satirical. But if it is a legitimate comment, then it begs a legitimate question: what is a robot? There aren't any self-aware computers, and likely won't be in our lifetimes. So what is a robot? Automation? Because a WW II ball bearing factory line would qualify. Is it a discreet device that creates a product in an automatic manner? Because if that is the case then everyone's home printer is a robot.

    The point is, "robot' is a catch word, and is being used as a catch word purposefully. This word is being used because it elicits themes of android uprisings, when really what it is being used to describe is automation that has been around in some way or another for the better part of a century. Saying the "robot" economy is larger than Switzerland is just irresponsible reporting. There is absolutely no way to quantify it because there it no way to define it. It's simply good old fashioned automation.

    People need to calm down and realize the sky isn't falling. Robots are not stealing jobs. The economy is becoming more efficient, and we are streamlining processes no one really wants to do by hand anyway. Do you want to rivet a quarter panel to a car frame for eight hours a day? I certainly don't. And if self driving cars take away taxi drivers, I won't cry either. Because once we start getting people's hands off the wheels, then maybe we can divorce them from the idea that every individual has to have their own hands-on motor vehicle, and then we can start building the public transportation system science fiction writers dream about.

    1. Re: What is a Robot? by Anonymous Coward · · Score: 0

      My dishwasher! My fridge! My toaster! They all work, fairly autonomously, to do something that would be a pain for me to do by hand!

    2. Re: What is a Robot? by Anonymous Coward · · Score: 0

      You must pay $500,000 dollars in taxes for those robots that are taking jobs away from the illegal aliens that in some way pay tax since americans wont do the work!

  19. money laundering by Anonymous Coward · · Score: 0

    Watch out Switzerland, the Roomba's are going to put you out of business!

  20. Re:Which is why they need to be taxed... by Notabadguy · · Score: 2, Insightful

    I'm waiting for the Republicans to count robots as 3/5th of a person.

    You must be misremembering slavery.

    You're waiting for Democrats to count robots as 3/5 of a person.
    Republican abolitionists will make waves about how robots deserve the same rights as everyone else.
    Democrats will start a war over it.
    Republicans will win.
    Democrats will realize that they can get more political power by sucking up to the robots, and try to relabel themselves "Party for the Robots."
    Republicans ignore the Democrat spincrafting.
    Democrats develop robot unions as bloc-voting appartus, get teamsters, trucks, and robot vehicles to pick up robots en masse and deliver them to the voting polls to vote Democrat.
    Slowly, Republicans begin losing power and constitutional meaning takes a backseat to pandering to the lowest common denominator.
    Fast forward 100 years, and there will be a new Republic Robot shouting "Make America Great Again! Enforce robot manufacturing requirements!"

    History repeats itself. And it is repeating itself.

  21. A Chinese Robotic Economy by Anonymous Coward · · Score: 0

    Would turn the American Economy into a Dwarf Country.

  22. Business Footwear by conected · · Score: 0

    Footwear from indonesian poeple ready heading into the world. the owner of a Minister. chek here for the product. http://minkproof.com/chandra-e...

  23. Poor Switzerland by Anonymous Coward · · Score: 0

    I'm sure Switzerland is tired of always being dragged into America's shit.