Money Talks: The rise of the robots
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 9 March 2023
⏱️ 37 minutes
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Summary
Robots are getting better and cheaper—and that means they will play a much larger role in our lives. They are already reaching beyond the car plants and warehouses, where they have become commonplace, to turn their mechanised hands to making cocktails and cooking chicken. But what will that mean for the economy?
On this week’s podcast, hosts Tom Lee-Devlin, Alice Fulwood and Mike Bird examine whether the rise of the machines is good for workers and hear from Korea, where there are more robots per factory worker than any other country on earth. Kim Povlsen, the boss of robot-maker Universal Robots, says greater automation is needed as populations age and labour shortages become increasingly severe. And Susanne Bieller from the International Federation of Robotics, a global industry group, gives a glimpse of what the future might have in store.
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Transcript
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| 0:00.0 | Money talks from the economist is sponsored by Invest Puerto Rico. |
| 0:06.0 | More than just a Caribbean paradise, Puerto Rico is a business powerhouse. |
| 0:11.0 | This U.S. territory is a fast-growing hub for innovators. |
| 0:15.0 | Puerto Rico boasts numerous tax credits, business incentives, |
| 0:19.0 | and world-class talent that take your business to the next level. |
| 0:23.0 | Find out why at InvestPR.org. |
| 0:26.0 | Gamechangers, welcome home. |
| 0:31.0 | Andy, hi. |
| 0:33.0 | Thanks so much for meeting me today. |
| 0:34.0 | Hi, Tom. How are you doing? |
| 0:35.0 | Very well. How are you? |
| 0:36.0 | Good, thank you. |
| 0:37.0 | I'm Andy Scanlon, the CEO of Sandbox VR, UK and Ireland, |
| 0:41.0 | and the proud owner of the UK's first permanent robotic bartender. |
| 0:45.0 | Andy, lovely to meet you, but really we're here today to meet Tony. |
| 0:49.0 | I get that a lot, Tom. Let me go and introduce you to him. |
| 0:54.0 | I'm here in front of a setup that is kind of what I imagine |
| 0:58.0 | a bar would look like on the Starship Enterprise. |
| 1:02.0 | We kind of have this big white table with LED lights, |
| 1:06.0 | and on top of the table we have two robotic arms, |
| 1:09.0 | and those arms are sitting underneath what must be a ceiling of 50 or so bottles of alcohol. |
| 1:16.0 | Everything you'd recognise from sort of Bacardi to Martini and everything else in between. |
... |
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