In the News
Robotic bricklayer builds houses 3x faster than humans
Geoff Riley
13th April 2017
If you are looking for a vivid example of capital labour substitution in economics then this short video of a robot that can lay bricks several times faster than humans could be perfect! But how likely is it that the robot will head down to the pub, cafe or betting shop after work to support the local economy?
Robotic bricklayer builds houses 3x faster than humans pic.twitter.com/6s6M5xoHt6
— Insider Business (@BusinessInsider) April 12, 2017
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
You might also like
Understanding The Solow Economic Growth Model
Study Notes
Capital Investment
Study Notes
Long Run Aggregate Supply
Study Notes
Understanding the Accelerator Effect
Study Notes
Unemployment - Main Causes of Unemployment
Study Notes