Rise of Robotics and AI in Response to Changes in Labor Rates

Dan Sullivan and Peter Diamandis delve into the emerging trend of reindustrialization in America. They examine how leveraging advanced technologies is a strategic business move, and how the COVID-19 pandemic highlighted the importance of having critical manufacturing capabilities within the nation’s borders.

In this episode:

• Rising labor costs in countries like China and the logistical challenges of overseas manufacturing are driving this shift back to the U.S. and Mexico’s costs from top to bottom are one-sixth the cost of anything in the United States.
• Peter gives the example of minimum wage going up being the biggest incentive for humanoid robotics to enter the labor force.
• Dan talks about the speed of normalization, speed of technology is fast, then people get used it and expect it, then its normal