with supply and demand and all… IM DEMANDING CANNED BREAD!! where’s the supply 🥺?
It replaces workers with robots so it would probably save money too.
with supply and demand and all… IM DEMANDING CANNED BREAD!! where’s the supply 🥺?
It replaces workers with robots so it would probably save money too.
My boss once said that you can abuse human workers, you can underpay them, you can worsen their conditions (and if you do it slowly) they might not notice, or they going to work even harder to survive. Worst case scenario they quit, and you just find another one “new” and repeat the cycle.
But you can’t underpay robots. You can’t abuse them. Why? Because they just break. You skip on maintenance, on working conditions, on anything around robots - and you are looking on fat sum of money that just going to get burnt on a new robot and its installation.
So no, robots are not going to save money, especially in this scenario, because abuse would be massive.
Except robots don’t need to take as many breaks nor do you have to pay them minimum wage.
The problem is minimum wage is the break even equivalent of like 2-10k human hours without even factoring in expensive maintenance costs.
A return on investment of 0.5 to 2.5 years is pretty good for companies. You also have to factor the costs of maintaining a space for a human equivalent. Paying a wage doesn’t cover all labor costs.
I mean, maintenance is going to be a bitch. Your going to have to pay thousands in travel fees and probably thousands of dollars an hour labor, plus whatever robit parts cost everytime it breaks down. And while it’s broken down, you can’t earn revenue, like you could just replacing an employee.
You have to pay them minimum wage, It’s just called “monthly maintenance expenses” and it’s quite a bit more than minimum pay for humans
Is it? I can buy a vending machine for less than $8000. Converting that cost to minimum wage, that is ~28 full time weeks worth of labor to act as a mechanism to sell items. There are probably a lot of times when the cost in capital is less than the cost in labor.