Chart of the Day: Long robots, short humans?

Man or machine?

As the use of industrial robots rises, human manufacturing jobs will continue to decline, strategists at Bank of America Merrill Lynch wrote in a report this week.

Earlier this week President Obama unveiled an initiative to help spur manufacturing job growth. But factory employment remains well below pre-recession levels, and technology may not help matters any.

(Read more: Boosting factory jobs, but millions left behind)

Source: Bank of America Merrill Lynch