Posted on 12/01/2016 2:51:29 AM PST by expat_panama
Marxist/collectivists simply fail to grasp the most elementary laws of economics.
Raise labor costs, less labor gets hired or employers go out of business.
End of story.
Saw this coming. LOvely! Paybacks come naturally!
The break-even point for fully automated burger preparing bots is $10/hour. Yeah, I think we can see where this is going - even if the “Fight For 15” idiots can’t.
Automat fast food is also a lot more hygienic than the spit and snot burgers.
from a living wage to no wage. The dems can only counter by banning new technology. That will really go along well in Silicon Valley
They also seem immune to the FACT that ALL tax and price increases are borne by the consumer. The lower income consumers are hit the hardest. When some pointy head succeeds in taxing the evil oil companies, every single mom struggling to get to work and feed her kids is directly impacted at the pump. it almost seems as if there is a clever plan to make it easier to sit home on welfare and be fully dependent on the government.
It's OK, I received great joy by reading them.
Exactly. Reduction in lawsuits is another benefit of using bots.
A few small improvements in robots that build and fix robots and we can have a $500 minimum wage!!!
And to vote for the people who say the other guy is planning to cut off your welfare check, thus creating a permanent captive voter base.
That was actually the scam in New Orleans that was revealed by Katrina.
It would happen eventually though.
The only future proof solution is to revamp our educational system...12 years of school and they only know how to flip burgers? 4 more years of college and students can only work as baristas because they majored in journalism or gender studies.
No sick days, health insurance, OSHA regs...
A very Happy Last Month to all and the NASDAQ pegs up another distribution day --it's now at 9 but for some reason IBD insists we're still in a "confirmed uptrend". Today's stock index futures are offish so we'll see where it goes.
Metals are seen by the futures folk off even more as gold and silver punch down to new lows at $1,169.05 and $16.44. The pundits may be spouting about the Trump rally (Why Bulls Will Stay In Charge of the Market, Goldman: Trump Presidency Will Benefit Almost All Stocks) but for a couple day's the trend's got to be blamed on, say (Democrats Double Down On Failure, Put Clueless Pelosi Back Into Power )Pelosi?
Also: Curious Connections: Trump + Goldman Sachs
More reports:
8:30 AM Initial Claims
8:30 AM Continuing Claims
10:00 AM Construction Spending
10:00 AM ISM Index
10:30 AM Natural Gas Inventories
2:00 PM Auto Sales
2:00 PM Truck Sales
--and yesterday's reports were all about a booming econ w/ no inflation!
New FR econ threads:
No strikes, no union, they can work longer than 8 hours and don’t have to be paid more, since they don’t leave the building they can’t show up tardy...
Really. Invent a self flipping burger and no one will work at McDs.
Automat fast food is also a lot more hygienic than the spit and snot burgers.
and those curly black hairs
That’s not likely to happen for a while, but burger cooking automation was already at the point where it could replace humans about two years ago. The break-even point that was calculated at that time was $10 per hour.
They already make vending machines containing pizza making bots, by the way:
https://www.youtube.com/watch?v=Pyrav_9Pbsc
Ambulance chasers are very creative, especially for their 35% cut! This won't slow them down for long.
I saw that.
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