Once robots start flipping burgers and they can get rid of all that expensive labor, I expect their prices to dramatically decrease.
Once robots start flipping burgers and they can get rid of all that expensive labor ...Will there be enough useless eaters around for it to be profitable to sell them hamburgers?
I use to work for the water department. At first they educated, then supplied water conservation devices, once the water consumption started to fall, they jacked up the water rates.
Worked at Turkey point nuclear power house. We had 5K men on the payroll and payroll was 6M a week. FPL went to the public utilities commission and begged for a rate increase. They didn’t get what they asked for, however, once they got it we got laid off.
If they cost of labor goes down prices will remain the same.
Once robots start flipping burgers and they can get rid of all that expensive labor, I expect their prices to dramatically decrease.
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You mean profits to dramatically increase....