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Thread: Automation replacing workers

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  1. #1

    Default Automation replacing workers

    With the low interest available to business is the FED providing to employers a means to replace their workers with the cheap money? Isn't this against the FEDs own employment drivers?

    Is The Fed Helping Robots Find Jobs?

    Rise of the Robots

    “Robots are taking over,” says a friend.
    “They began by doing the simplest, lowest wage jobs. But they were competing with very low-paid workers. So employers wouldn’t pay much for them. But now they’re getting a lot more sophisticated. This is where it gets interesting.”

    When you buy a robot to replace a human employee, what you’re really doing is capitalizing the cost of the employee. Let’s say an employee earns $50,000 a year. You have to figure that you spend another $25,000 a year on benefits, a personnel office, lawsuits, counseling, management issues, health care, holidays, a desk, a phone. So you have a total cost of $75,000. And he’s working only eight hours a day, five days a week.

    “In a normal world, with a cost of capital at 5%, and an amortization period of 10 years for the robot, you could afford to spend about half a million (I’m not doing the math. I’m just guessing).

    “But here’s the point: As you go up the income ladder, you can spend a lot more. If you can replace a guy who earns $100,000 a year, you can pay $1 million… and so forth.”

    Dumping Workers

    As robots get more sophisticated, it’s a matter of time until most people who do routine and not-so-routine work will be replaced. Robots don’t complain when they get pinched on the derriere by a frisky manager.
    They work nights without grumbling or overtime. They don’t call in sick. They don’t care if there’s a home game. They don’t make excuses when they run over an elderly blind woman with the company truck.
    “And guess what?” continued our friend.

    “The feds say they are stimulating the economy and aiding employment with their ultra-low rates. But what they’re really doing is helping robots find jobs.

    “As the cost of capital goes down, the relative cost of capital, as opposed to labor, also goes down. You can’t capitalize an employee. At least, not since slavery was abolished.
    What's the Frequency, Kenneth?


  2. #2

    Default Robotic Bricklayer

    A Perth company has developed a robot that's being described as a game-changer for the building industry.
    The world-first machine lays bricks with laser precision and can build a home's walls in just two days
    What's the Frequency, Kenneth?


  3. #3


    Domo Arigato
    Honor for US, Justice for Our Children! Now!

  4. #4


    Also in Australia they are automating the engineers that drive trains. It's only a matter of time before Google and/or Tesla are going to be taxi cab companies. Once we can get robots to mine the metal, grow and cook our food, wipe our asses, and robots building robots we will have her made in the shade.

  5. #5


    I need a robot to bring me my beer without complaining that beer is making me fat.... Oh yeah, and open too.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  6. #6


    Seems it is not just the bottom level workers loosing out as McDonald's automates. Franchise owners are being driven out due to upgrade cost.

    McDonald’s Is Pushing Out the Small Fries

    After more than three decades of operating McDonald’s restaurants, Ted Lezotte in 2015 sold the last of his six stores in Michigan. Lezotte says looming costly remodeling—one rebuild was estimated at $1.9 million—helped spur his decision. “In today’s financial world, it’s becoming necessary to have more than a couple [of stores] to survive,” he says. The chain is looking for franchisees who have 8 to 10 locations, he says: “Ten kind of gives you a good footing” in case one isn’t doing so well. Of his six stores, one was closed, the rest sold to larger McDonald’s operators.
    What's the Frequency, Kenneth?


  7. #7


    If you automate everything what do all the people do?

    What's the Frequency, Kenneth?


  8. #8


    Quote Originally Posted by redraspberry View Post
    If you automate everything what do all the people do?

    Watch youtube videos ?
    No his mind is not for rent
    To any god or government
    Always hopeful, yet discontent
    He knows changes aren't permanent
    But change is

  9. #9
    Join Date
    Jul 2022


    By the mid-2030s one-third of all jobs could face the risk of being automated, according to a report from PwC.

  10. #10


    Its sometimes difficult to find a cashier here. Homedepot sends cashiers home in the evening its automated or nothing. It really sucks would rather have a cashier cause I buy a lot of ABS/copper plumbing fittings from them. Sometimes over a 100 little pieces of things. Imagine trying to pick through all the boxes on the shelves most of the fittings are in the wrong box and it takes forever to find things or note what is missing from a pick. Home depot and Lowes is the cheapest place I can find for ABS/copper fittings in bulk. A while back I scanned a dollar item and put a 17$ fitting on the scale to see what would happen. The scale did not know the weight of the item being scanned. Someone could purchase 100$ worth of ABS fittings that is really 300$. I dont know if that has changed or still works but the scales are not really calibrated correctly. Prefer to go to a cashier keep it honest but if the little sticker or bar code is missing on a plumbing fitting the cashier is lost on trying to identify what it is. Can take for what seems like forever. Home Depot checkout here is so inefficient with the automation. Also with a 15$ minimum wage employers will look for automated to cut costs. 15$ minimum wage will only increase the rate of unemployment

    Yes, for a lot of these things it's hard to ensure you get it right, no matter how much you would like to be honest. As I see it, you are not a specialist in this, if you make an error in your favor, that's on them for not providing proper service; I would not feel guilty about small things like this, also consider the extra time you need to spend -- so in a way any error in your favor balances out, no doubt they already considered such and still think its worth it due to savings on having fewer employees. Whatever you do, do not overcharge yourself - -that's not being morally sound, it's letting yourself being taken advantage of combined with rewarding the store for offering less service.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

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