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Article says that the operating cost of robots is now about $1 per hour in the U.S. I presume that includes the amortization of purchase price.

2 posted on 05/18/2016 5:20:48 AM PDT by RoosterRedux
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To: RoosterRedux
Vivek Wadhwa is Vice President of Academics and Innovation at Singularity University; an executive-in-residence/adjunct professor at the Masters of Engineering Management Program and Director of Research at the Center for Research Commercialization at Duke University's Pratt School of Engineering; a fellow at Stanford University's Arthur and Toni Rembe Rock Center for Corporate Governance; and a Distinguished Visiting Scholar at the Halle Institute for Global Learning, at Emory University. He has been a Senior Research Associate at Harvard Law School's Labor and Worklife Program and a visiting professor at the School of Information, at the University of California, Berkeley.

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5 posted on 05/18/2016 5:25:23 AM PDT by RoosterRedux
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To: RoosterRedux
Article says that the operating cost of robots is now about $1 per hour in the U.S. I presume that includes the amortization of purchase price.

There are 8,760 hours in a 365 day year.

I have no idea what any particular robot costs, but it has to be awfully cheap for $8760 to cover maintenance, power, human supervision & programming, and amortization.

18 posted on 05/18/2016 6:44:25 AM PDT by CurlyDave
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