Surge in Plant-Based Alternatives Innovative APAC Innovations and Consumer Interest Set to Hit Shelves in 2025
Robot Tax Implementation in the United States
By Aarti Dhapte , 27 November, 2023
Robots and automation have set up their base in the technologically evolving market, thus impacting the job market. The market is expected to grow in robots and automation soon. A new question has arisen in the United States on whether to implement a robot tax.
As per 2023 estimation, the manufacturing of robots in the North American region has increased to more than 12 percent in 2022. The growing advancements in robotics and automation have given concerns over the impact on the employment sector and specific jobs. The robot tax idea means that every time the company chooses robots over human workers, it must pay a tax. The robot tax has two aims: to discourage companies as they replaced human workers with robots and to produce a tax for the government to compensate for the loss of payroll taxes. According to the data from trusted sources, a 37 percent drop is seen in the number of ordered industrial robots in the North American region from April to July 2023 than the same period in 2022. For the first half of 2023, 16,865 robots were ordered, which accounted for a fall of 29 percent in the robotics market in North America.Some experts view robot tax as the medium to lower the inequality in the job market, and the rest of them suggest altering the labor laws or making reforms in the labor market to address the issue. The experts note that robot tax should not hinder the innovation and manufacturing sector enhanced due to robotics and automation. Based on a study report conducted in 2023, the best taxing range falls between 1 to 3.7 percent of the robots' value. If implemented, the robot tax can support workers from falling victim to inequality and losing their jobs, as robotics and automation pave the way for more effortless functioning of manufacturing, technical support, and others.International Federation of Robotics
Latest News
Surge in Plant-Based Alternatives Innovative APAC Innovations and Consumer Interest Set to Hit Shelves in 2025
The Plant-Based Surge: New Meat Alternatives Hitting APAC Shelves Market 2025 is benefitting from an innovation cycle, a change in diet preferences, and sustainability needs. There is an emerging focus from start-ups, universities, and global food…
Recycled Polymers Surge in Global Packaging Demand in 2025
The global packaging industry is projected to have a sharp increase in the consumption of recycled polymers in relation to sustainability goals by 2025. This change is likely caused by regulations, business commitments to sustainability, and advances…
Flexible Packaging Market 2025 Sees Strong Growth Driven by Food Waste Reduction Initiatives
The Flexible Packaging Market’s role in reducing food waste in 2025 is becoming increasingly pivotal as governments, food producers, and packaging companies align around sustainability targets. With global food waste exceeding 1.3 billion tons…
Green Chemistry Update Startups Scale Bio-Based Resin Production in the CnM Market 2025
In 2025, the CnM (Composites and Materials) Market is witnessing a pivotal shift as green chemistry startups accelerate the production of bio-based resins, driven by regulatory pressures and sustainability commitments across industries. The momentum…
Solar Prices Fall by 12% in the first quarter of 2025 Effects on India's Renewable Energy Sector
In the first quarter of 2025, India experienced a remarkable decline of 12 percent in the cost of solar photovoltaic (PV) systems for the first time in history. This is a turning point for the country's renewable energy sector. The improvements in…
Aarti Dhapte
Team Lead - Research
Latest News
Recycled Polymers Surge in Global Packaging Demand in 2025
Flexible Packaging Market 2025 Sees Strong Growth Driven by Food Waste Reduction Initiatives
Green Chemistry Update Startups Scale Bio-Based Resin Production in the CnM Market 2025
Solar Prices Fall by 12% in the first quarter of 2025 Effects on India's Renewable Energy Sector
