iRobot Corporation (IRBT)

[faxedreceipts]

Al Gore talks about "Robosourcing" in his new book which is reviewed by the WSJ. Irobot anybody?:

"For example, what he calls "robosourcing"—the devouring of jobs by machines—is likely to place considerable stress on employment markets. While such predictions have been made since the days of Ned Ludd, it is also true that we have seen plenty of labor-market disruptions since those days. And as machines grow ever more competent, the likelihood of drastic disruptions in the future looks much higher.

As the Nebraska Guitar Militia sang, "people gotta have somethin' to do"—and if there is nothing else, they are likely to sit around "gettin' stewed." Not an appealing prospect for humanity, even if we all have robot gardeners. Worse yet is the risk that the robots will reach the point where they don't need us at all."

http://online.wsj.com/article/SB10001424127887323539804578259591841823904.html?mod=WSJ_Opinion_LEFTTopOpinion