{"id":163408,"date":"2021-01-26T20:02:00","date_gmt":"2021-01-26T17:02:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/brett-arendss-roi-what-robots-will-mean-for-your-retirement\/"},"modified":"2021-05-06T16:17:46","modified_gmt":"2021-05-06T13:17:46","slug":"brett-arendss-roi-what-robots-will-mean-for-your-retirement","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/brett-arendss-roi-what-robots-will-mean-for-your-retirement\/","title":{"rendered":"#Brett Arends&#8217;s ROI: What robots will mean for your retirement"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a364dbbedc94\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a364dbbedc94\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/brett-arendss-roi-what-robots-will-mean-for-your-retirement\/#Brett_Arends\" >Brett Arends<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Brett Arends&#8217;s ROI: What robots will mean for your retirement<\/strong>&#8221;<\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" data-sbid=\"WP-MKTW-0000141744\">\n<div class=\"barrons-article-ad-wrapper\">\n<div class=\"barrons-article-ad sticky_item\" data-track=\"barrons-article-ad-wrap\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/div>\n<\/div>\n<p>Unlike most people, I\u2019ve actually lived with a robot.<\/p>\n<p>So when I read that COVID-19 is going to speed up the day when many of us will do the same full-time, I had a simple reaction.<\/p>\n<p>Bring it on.<\/p>\n<div class=\"paywall\">\n<p>Bring on having an electronic companion that can cook, clean and look after the house when I\u2019m too old.<\/p>\n<p>Bring on having a robot that will remind me when to take my medication, check my blood pressure, and can call the ambulance if I fall over and don\u2019t get up.<\/p>\n<p>Bring on having a robot that is never too busy to visit, and can play chess\u2014or bridge, or Settlers of Catan, for that matter\u2014when it\u2019s too cold to go out.<\/p>\n<p>And, above all, bring on a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> that\u2019s going to keep me out of the dreaded nursing home for as long as humanly\u2014or non-humanly\u2014possible when I get old.<\/p>\n<p><a class=\"icon none\" href=\"https:\/\/www.aarp.org\/research\/topics\/community\/info-2018\/2018-home-community-preference.html#:~:text=Folks%20Just%20Want%20to%20Age,see%20that%20happening%20for%20them\" target=\"_blank\" rel=\"nofollow noopener\">Three quarters of us want to stay in our homes when we get old.<\/a><\/p>\n<p>But how many of us will be able to afford it?<\/p>\n<p>Do you expect to have a spare $175,000 a year to spend in retirement? I don\u2019t. But that\u2019s how much you\u2019d have to spend on home health aides to have someone with you 24 hours a day, 365 days a year. That\u2019s <a class=\"icon none\" href=\"https:\/\/sixtyandme.com\/aging\/long-term-care-guide\/\" target=\"_blank\" rel=\"nofollow noopener\">according to the U.S. government<\/a>, which says home health aides typically cost $20.50 an hour.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>I hesitate to argue with the U.S. Department of Statistics, but based on my own anecdotal experiences that hourly rate seems ridiculously low. Where I live you can\u2019t get a dogwalker for $20 an hour, let alone someone qualified and able to look after an elderly and possibly frail human.<\/p>\n<p>Cue the robots.<\/p>\n<p>OK, so a robot can\u2019t do all the things a personal aide can. Not even close. And won\u2019t be able to for a long time. But at the very least it can monitor things, respond to emergencies or distress, and if need be sound the alarm. And it can connect to someone remotely, like OnStar in a vehicle when it has an accident.<\/p>\n<p>If you\u2019ve ever helped nurse a very old or ill person, you\u2019ll know that most of the time is spent doing very little while they sleep. You need to be on hand, in case of crises.<\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>arently robots can now<a class=\"icon none\" href=\"https:\/\/www.news.gatech.edu\/2018\/05\/10\/robot-teaches-itself-how-dress-people\" target=\"_blank\" rel=\"nofollow noopener\"> dress you<\/a> and <a class=\"icon none\" href=\"https:\/\/www.cam.ac.uk\/research\/news\/a-good-egg-robot-chef-trained-to-make-omelettes\" target=\"_blank\" rel=\"nofollow noopener\">make you an omelet<\/a> from scratch. They will <a class=\"icon none\" href=\"https:\/\/www.washington.edu\/news\/2019\/03\/11\/how-to-train-your-robot-to-feed-you-dinner\/\" target=\"_blank\" rel=\"nofollow noopener\">soon be able to feed you<\/a>.<\/p>\n<p>Eventually <a class=\"icon none\" href=\"https:\/\/news.mit.edu\/2020\/robots-spatial-perception-0715\" target=\"_blank\" rel=\"nofollow noopener\">they\u2019ll be our butlers and valets, presumably<\/a>.<\/p>\n<p>Hong Kong-based robot maker David Hanson <a class=\"icon none\" href=\"https:\/\/www.reuters.com\/article\/us-hongkong-robot-idUSKBN29U03X\" target=\"_blank\" rel=\"nofollow noopener\">tells Reuters<\/a> that he\u2019s ramping up production and expects to sell \u201cthousands\u201d of his humanoid robots this year, though he\u2019s not giving an exact number. He\u2019s rolling out four models, including Sophia\u2014which caused a splash a few years ago at the Consumer Electronics Show in Las Vegas\u2014and a new one, Grace, designed for health care.<\/p>\n<p><a class=\"icon none\" href=\"https:\/\/www.roboticstomorrow.com\/story\/2020\/06\/the-increased-role-of-robots-post-pandemic\/15365\/\" target=\"_blank\" rel=\"nofollow noopener\">He\u2019s not alone.<\/a><\/p>\n<p>Covid is speeding up a trend that\u2019s been under way for years. Health care companies are <a class=\"icon none\" href=\"https:\/\/link.springer.com\/chapter\/10.1007\/978-3-030-17798-0_24\" target=\"_blank\" rel=\"nofollow noopener\">exploring all the ways robots can improve care and lower costs<\/a>.\u00a0Robots can <a class=\"icon none\" href=\"https:\/\/www.nature.com\/articles\/s42256-020-0148-7\" target=\"_blank\" rel=\"nofollow noopener\">draw blood and insert catheters<\/a> and <a class=\"icon none\" href=\"https:\/\/www.tandfonline.com\/doi\/abs\/10.1080\/02687038.2012.706798\" target=\"_blank\" rel=\"nofollow noopener\">provide speech therapy and physical therapy<\/a> for stroke survivors.<\/p>\n<p>(And yes, some of that money is apparently <a class=\"icon none\" href=\"https:\/\/jamanetwork.com\/journals\/jama\/fullarticle\/2698476\" target=\"_blank\" rel=\"nofollow noopener\">being wasted<\/a> on <a class=\"icon none\" href=\"https:\/\/khn.org\/news\/why-are-health-costs-so-high-the-robot-knows\/\" target=\"_blank\" rel=\"nofollow noopener\">needlessly expensive gadgets<\/a>. Who knew?)<\/p>\n<p>When I reviewed the Sony Aibo, I told Sony they should explore basic home health functions. Why can\u2019t the dog\u2014which sings, incidentally\u2014remind grandma when it\u2019s time to take her medication? Or call the ambulance if she falls?<\/p>\n<p>Sophia seems pretty creepy to me, at least based on the videos I\u2019ve seen online. There\u2019s an argument that <a class=\"icon none\" href=\"https:\/\/en.wikipedia.org\/wiki\/Uncanny_valley\" target=\"_blank\" rel=\"nofollow noopener\">something which tries to seem too human ends up freaking us out<\/a>.<\/p>\n<p>I don\u2019t want a robot that looks like a <a class=\"icon none\" href=\"https:\/\/www.scribd.com\/book\/163555150\/The-Stepford-Wives?utm_medium=cpc&amp;utm_source=google_search&amp;utm_campaign=Google_DSA_NB_Other&amp;utm_device=c&amp;gclid=CjwKCAiA9bmABhBbEiwASb35V0c7A3x6poDTviursZXfIz7cLOY2r70CS8IZNjas0LUkh3WIOM64LhoCQssQAvD_BwE\" target=\"_blank\" rel=\"nofollow noopener\">Stepford Wife<\/a>. I want a robot that looks like, well, a friendly robot.<\/p>\n<p>Apparently we prefer interacting with robots that <a class=\"icon none\" href=\"https:\/\/www.pnas.org\/content\/117\/12\/6370\" target=\"_blank\" rel=\"nofollow noopener\">show vulnerability<\/a>, more than with robots that <a class=\"icon none\" href=\"https:\/\/www.cnbc.com\/video\/2016\/03\/16\/this-hot-robot-says-she-wants-to-destroy-humans.html\" target=\"_blank\" rel=\"nofollow noopener\">say they want to destroy us<\/a>.<\/p>\n<p>A frankly hilarious study by Carnegie Mellon University found that a trash-talking robot <a class=\"icon none\" href=\"https:\/\/www.cs.cmu.edu\/news\/trash-talk-hurts-even-when-it-comes-robot\" target=\"_blank\" rel=\"nofollow noopener\">can even put you off your game<\/a>, which gives you a pretty good idea of how much our subconscious can accept a robotic companion as a \u201creal\u201d one.<\/p>\n<p>I lived with Sony\u2019s robot dog Aibo for a couple of months. And I didn\u2019t find him creepy at all. Quite the reverse. Critically, Sony didn\u2019t try to make him look too much like an actual pooch. He looked like a robot. I\u2019m betting the robots that take off are going to look like robots.<\/p>\n<p>Having a robot dog around is surprisingly like having a regular pet.<\/p>\n<p>The <a class=\"icon none\" href=\"https:\/\/www.youtube.com\/watch?v=5UgPJhyJmlM\" target=\"_blank\" rel=\"nofollow noopener\">rise of the machines<\/a> (sorry, Terminator) won\u2019t just be in home health. Robots are going to take over a lot of other jobs pretty soon too, <a class=\"icon none\" href=\"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/IJCHM-05-2019-0505\/full\/html\" target=\"_blank\" rel=\"nofollow noopener\">such as in hospitality<\/a>.<\/p>\n<p>The follow on question is what jobs are going to be left? We could all end up with robots and no work.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<div class=\"byline article__byline\">\n<p>By<\/p>\n<div class=\"author hasMenu\" data-scrim=\"{&quot;type&quot;:&quot;author&quot;,&quot;header&quot;:&quot;Brett Arends&quot;,&quot;subhead&quot;:&quot;The Wall Street Journal&quot;,&quot;list&quot;:[]}\">\n<h4><span class=\"ez-toc-section\" id=\"Brett_Arends\"><\/span>Brett Arends<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D229B062AF7D%7D&amp;siteid=rss&amp;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Brett Arends&#8217;s ROI: What robots will mean for your retirement&#8221; Unlike most people, I\u2019ve actually lived with a robot. So when I read that COVID-19 is going to speed up the day when many of us will do the same full-time, I had a simple reaction. Bring it on. Bring on having an electronic companion&#8230;<\/p>\n","protected":false},"author":1,"featured_media":163409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-163408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/163408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=163408"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/163408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/163409"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=163408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=163408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=163408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}