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.
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.