A couple of days ago we wrote about robots developed by Boston Dynamics – funded by DARPA – which may some day soon be deployed as an adjunct and perhaps even one day as a replacement for human soldiers. Scary stuff.
On the flip side (so to speak) comes this story of how robots will soon make our lives better. (At least for those of us who like burgers.) A company in California has developed a machine which which makes 360 high quality hamburgers an hour. It makes these burgers perfectly each time in clean conditions and without fry cooks sneezing on the food.
Please note that these robots are only cost effective if the minimum wage is raised significantly.
So keep calling for a higher minimum wage unions. I know it’s tempting to try to bring all of these folks under the organized labor banner. It would be a huge prize if it were not for the fact that many who currently work in fast food will soon find themselves without a job at all if the minimum wage is raised.
(From The Libertarian Republic)Against Crony Capitalism.org
But don’t think that the makers of the burger machine are necessarily anti-worker. Their website reads: “The issue of machines and job displacement has been around for centuries and economists generally accept that technology like ours actually causes an increase in employment. The three factors that contribute to this are 1. the company that makes the robots must hire new employees, 2. the restaurant that uses our robots can expand their frontiers of production which requires hiring more people, and 3. the general public saves money on the reduced cost of our burgers. This saved money can then be spent on the rest of the economy. We take these issues very seriously so please feel free to tell us how we can help with this transition.”
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Thursday April 17th, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Wednesday April 16th, 2014 | John Ransom