Robots cause company profits to fall - at least at first
Researchers have found that robots can have a 'U-shaped' effect on profits: causing profit margins to fall at first, before eventually rising again. The researchers, from the University of Cambridge, studied industry data from the UK and 24 other European countries between 1995 and 2017, and found that at low levels of adoption, robots have a negative effect on profit margins. But at higher leve