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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
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The Robots Are Coming! summary
Andrés Oppenheimer
The Future of Jobs in the Age of Automation
30 mins
Brief summary
'The Robots Are Coming!' by Andrés Oppenheimer explores the impact of automation on the global job market. It argues that education and lifelong learning are the keys to surviving and thriving in a future where machines will replace many jobs.
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The Robots Are Coming!
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After decades of hype, industrial robots are poised to replace human factory workers.
In the 1960s, we saw the rise of industrial robots – automated factory machines that manufacture products without human assistance. But six decades later, the robots haven’t taken over yet. There are still millions of people working in factories.
Sure, many of those factories are now in Eastern countries like China, rather than Western countries like the United States. But they’re still around, chugging away – and still powered by human sweat. So it would be reasonable to think that maybe the fears about robots taking over were overblown.
Well, think again. Even in the East, industrial robots are on the rise, and factory jobs are starting to disappear. In China alone, there were 189,000 industrial robots in 2014. That number is projected to reach 726,000 in 2019. Indeed, far from being the last bastion of manual factory work, China is now pioneering fully automated factories. In 2017, a cellphone factory in the industrial city of Dongguan replaced 590 of its 650 workers with robots. It then announced its ambition to further reduce its staff to 20 and eventually to zero.
The Chinese media hailed the factory as a success story, illustrating the progress of the country’s Made in China 2025 economic plan. One of the aims of that plan is to achieve a “robotic revolution,” in the words of President Xi Jinping.
Four factors are helping to fuel that revolution. First, industrial robots are becoming cheaper. Second, Chinese labor is getting more expensive. Third, modern industrial robots’ productivity leaves humans in the dust: the robots can work at higher speeds and with greater precision, 365 days per year, 24 hours per day.
The fourth and final factor combines the previous ones with the fact that Chinese factories often make products for Western corporations. Given the lower cost of industrial robots, the higher cost of Chinese labor and the tremendous productivity benefits of automation, those same corporations are now tempted to build their own factories at home in the West. That way, they can eliminate their international shipping costs.
Put those four factors together, and Chinese factories have a strong economic motivation to automate their operations. That way, they can lower their prices and keep their corporate clients happy.
But numerous factory jobs will probably be lost as a result. Indeed, the World Bank estimates that 77 percent of jobs in China are threatened by automation, many of them in manufacturing.
And that’s just the tip of the automatic iceberg.
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What is The Robots Are Coming! about?
The Robots Are Coming! (2019) provides a wide-ranging survey of the rapidly approaching – and, in many cases, already emerging – future of automation. In the coming decades, sophisticated robots, computer programs and other forms of automated technology will eliminate many jobs in many fields, and will radically transform the jobs that remain. Andrés Oppenheimer takes us on an insightful and eye-opening tour of some of the key industries to be affected and the major transformations that lie ahead.
The Robots Are Coming! Review
The Robots Are Coming! (2019) explores the impact of automation and artificial intelligence on our economy and jobs. Here's why this book is worth reading:
- It provides insightful analysis and interviews with experts to help us understand the future of work in an increasingly automated world.
- By discussing the challenges and opportunities presented by technology, it offers practical strategies for individuals and societies to adapt and thrive.
- With its engaging storytelling and thought-provoking anecdotes, the book keeps readers engaged, ensuring that the topic of automation remains fascinating and relatable.
Who should read The Robots Are Coming!?
- Skeptics who wonder if the robots really are coming
- Pessimists who fear the future they will bring
- Optimists who hope they will unlock new possibilities for humanity
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The Robots Are Coming! FAQs
What is the main message of The Robots Are Coming!?
The robots are revolutionizing the job market, and we need to adapt to thrive in the new economy.
How long does it take to read The Robots Are Coming!?
The reading time for The Robots Are Coming! varies depending on the reader's speed. However, the Blinkist summary can be read in just 15 minutes.
Is The Robots Are Coming! a good book? Is it worth reading?
The Robots Are Coming! is an insightful book that explores the impact of automation. It provides valuable perspectives and ideas for navigating the future of work.
Who is the author of The Robots Are Coming!?
Andrés Oppenheimer is the author of The Robots Are Coming!.
What to read after The Robots Are Coming!?
If you're wondering what to read next after The Robots Are Coming!, here are some recommendations we suggest:
- The Human Edge by Greg Orme
- The Laws of Human Nature by Robert Greene
- The Automation Advantage by Bhaskar Ghosh
- The Art of War (new version) by Sun Tzu
- The Magic of Thinking Big by David J. Schwartz
- 12 Rules For Life by Jordan B. Peterson
- Python Crash Course by Eric Matthes
- Difficult Conversations Don't Have to Be Difficult by Jon Gordon & Amy P. Kelly
- On Call by Anthony Fauci
- The End of Poverty by Jeffrey Sachs