Robots will become cheaper and more efficient in the coming years, replacing human workers at a faster clip than expected while driving labor costs down by 16 percent, according to a new report.
The number of industrial robots will jump by 10 percent a year in the world’s top 25 export nations through 2025, according to the Boston Consulting Group’s report, “The Shifting Economics of Global Manufacturing.” The current growth rate is about 2 or 3 percent per year.
The abundance of robotic workers will slash labor costs by 22 percent in the United States, 33 percent in South Korea, and 25 percent in Japan.
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President Barack Obama said Thursday that he will propose offering Americans two years of community college for free if they are “willing to work for it.”
Obama made the announcement in a short video from Air Force One, saying his plan will make community college accessible for everybody.The news came as part of a three-state tour to preview his State of the Union Address. Obama will make a more formal announcement in Tennessee on Friday.
“Put simply, what I’d like to do is to see the first two years of community college free for anybody who’s willing to work for it,” he said. “It’s something we can accomplish, and it’s something that will train our workforce so that we can compete with anyone in the world.”
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By Dado Ruvic, TUZLA, Bosnia
(Reuters) – Protesters set fire to a government building and clashed with riot police in Bosnia on Friday in a third day of unrest over high unemployment and two decades of political inertia since the country’s 1992-95 war.
Demonstrators smashed windows and set fire to the offices of the local government in the northern town of Tuzla, while in the capital, Sarajevo, police fired rubber bullets and stun grenades to disperse a crowd of several thousand.
Protests were called for Friday in towns and cities across Bosnia, in a sign of growing anger over the lack of economic and political progress since the country broke from Yugoslavia in the early 1990s and descended into war. More than one in four of the country’s workforce were out of a job in 2013.
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