Even China -- home of the world's "cheap labor" (though not as cheap anymore!) -- is investing in robotic manufacturing. The numbers look big, but these are baby-steps. Once the bugs in the robotic systems get ironed out we'll see robots displacing millions of workers.

Robots are set to take over in many factories in the Pearl River Delta, the area of southern China known as the 'world's workshop' because of the huge export manufacturing industry there, as labour shortages bite and local authorities face the need to spur innovation to counter the economic slowdown.

Since September, a total of 505 factories across Dongguan have invested 4.2 billion yuan in robots, aiming to replace more than 30,000 workers, according to the Dongguan Economy and Information Technology Bureau.

By 2016, up to 1,500 of the city's industrial enterprises will began replacing humans with robots.

At current exchange rates that's about $22,500 per worker.

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