Robot Economy: Ready or Not, Here It Comes
release_36rssq4cqvesdpc6mp3wztj7zi
by
Miguel Arduengo, Luis Sentis
2019
Abstract
Automation is not a new phenomenon, and questions about its effects have long
followed its advances. More than a half-century ago, US President Lyndon B.
Johnson established a national commission to examine the impact of technology
on the economy, declaring that automation "can be the ally of our prosperity if
we will just look ahead". In this paper, our premise is that we are at a
technological inflection point in which robots are developing the capacity to
do greatly increase their cognitive and physical capabilities, and thus raising
questions on labor dynamics. With increasing levels of autonomy and human-robot
interaction, intelligent robots could soon accomplish new human-like
capabilities such as engaging into social activities. Therefore, an increase in
automation and autonomy capacity brings the question of robots directly
participating in some economic activities as autonomous agents. In this paper,
a technological framework describing a robot economy is outlined and the
challenges it might represent in the current socio-economic scenario are
pondered.
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