by Declan Flaherty, Taylor Fleming, Adrian Garcia, Joshua Gaspard, Brielle Gentile, Lauren Gill and Langston Goldenberg
The cost of using new industrial robots ranges between $50,000 to $80,000. Used robots can cost from $100,000 to $150,000. Robots used for management have negative costs such as people losing their jobs as managers. Twenty-five percent of CEO professions can be picked up by robots and thirty-five percent of management related tasks can be automated by them. Although management robots have some negative costs, they save a lot of money. Companies can save money and time using robots, especially robots used for management purposes.