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neither does the most costliest place to live today , bermuda . locals seem to be doing just fine . we spoke to the waiters , bartenders and grandma when we were there to see how they do it .
First, the MTA is a bad example. It's a government entity, and has much more important issues (to them) than making money (which it's never done - it loses money hand over fist.) Political and labor issues (which are related) are much more important to them.
Let's talk about fast food burger joints. I looked at three chains, McDonald's, Burger King, and Wendy's. All told, there are about 37,000 or so of these scattered around the country. Not all are subject to a $15 minimum wage yet, but I bet every owner of one is thinking about it, and planning for it. There products are all broadly similar. I guestimated some numbers for the impact of a $15 minimum wage would be on a bigger outlet in NY. IIRC the jump to $15/hour, not from the old minimum when this process started, but from $9 (which appears to be the cheapest you can pay someone in order to get them to work for you in NYC), would cost them around $450,000/yr. In that cost environment, if they could aggressively automate, and get a shift down from 10 workers to 3, they'd save about $650,000/yr. If it could be done, I bet the franchise owners would be willing to spend one years worth of savings to achieve the savings.
Now, how many of these potential customers would it take to get equipment companies to do the R&D work to get the equipment running. With a potential customer base pushing 40K outlets from just three franchises (and probably much more), there's more than enough potential business to justify their investment.
The great thing is to think about the savings you can get when you automate jobs or parts of jobs that earn much more than minimum wage. Think about what it means to automate jobs that pay well into six figures! This is where money wants to get poured into because a decent amount of those jobs are behind a computer without physical work which is often expensive for machines and automation. The savings are going to be incredible and they are coming pretty soon.
Will the machine replace us, or will we enslave the machine. Forget about savings, the latter will generate the revenue to pay for itself. Just imagine how productive you'd be with a pet machine that you can teach to do things so you can move on to bigger and better things.
Will the machine replace us, or will we enslave the machine. Forget about savings, the latter will generate the revenue to pay for itself. Just imagine how productive you'd be with a pet machine that you can teach to do things so you can move on to bigger and better things.
That's what I'm waiting on
My robot executive assistant
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Will the machine replace us, or will we enslave the machine. Forget about savings, the latter will generate the revenue to pay for itself. Just imagine how productive you'd be with a pet machine that you can teach to do things so you can move on to bigger and better things.
Right, in some scenarios, having capital is pretty much all that matters, not skills and abilities.
And you won’t be teaching the machine to do things, that’s an actual skill you don’t have. Rather, you’d be looking at outcomes you’d like and the machine that others programmed or programmed itself will figure its path there.
Right, in some scenarios, having capital is pretty much all that matters, not skills and abilities.
And you won’t be teaching the machine to do things, that’s an actual skill you don’t have. Rather, you’d be looking at outcomes you’d like and the machine that others programmed or programmed itself will figure its path there.
Every machine I've met always asked me for instructions.
1). Where that can happen, it probably will. A lot of financial management, trading, etc, is going this way. You're also probably likely to see a lot of this in Medicine.
2). There's probably a limit to how much it can happen. Jobs that pay that well generally require a fair amount of intelligence, original thought, or other skill that can't easily be imparted to computers (so far - they're working on that with AI)
Quote:
Originally Posted by OyCrumbler
The great thing is to think about the savings you can get when you automate jobs or parts of jobs that earn much more than minimum wage. Think about what it means to automate jobs that pay well into six figures! This is where money wants to get poured into because a decent amount of those jobs are behind a computer without physical work which is often expensive for machines and automation. The savings are going to be incredible and they are coming pretty soon.
1). Where that can happen, it probably will. A lot of financial management, trading, etc, is going this way. You're also probably likely to see a lot of this in Medicine.
2). There's probably a limit to how much it can happen. Jobs that pay that well generally require a fair amount of intelligence, original thought, or other skill that can't easily be imparted to computers (so far - they're working on that with AI)
The funny thing is that there's also a good number of service type and blue collar jobs that are pretty hard to automate. It's basically jobs with less constrained problem spaces that also have some need for a wide range of localized sensory input and mechanical output which do not necessarily pay that well which are expensive to automate (developing, manufacturing, and maintaining something as complex as Rosie in the Jetsons is extremely hard and expensive).
And it's not true that jobs that pay well generally require a fair amount of intelligence, original thought, etc. at least not in the same way that we commonly use to describe people. AI and the processing behind it, sensory input and processing, and mechanical output has quite different strengths and weaknesses and cost/benefits from people so the idea that white collar professionals in general is somehow more buffered is pretty silly. With white collar professionals, their lack of manual work requiring physical dexterity/adaptability and lack of location-sensitivity and their currently generally higher wages makes them an especially appealing, and in many ways, simple target for automation.
New jobs will arise from all this, as it has currently with things like social media management teams, but the question is how quickly they arise versus how quickly others are rendered obsolete, and what we deem their relative worth to be and how we legislate.
Judging from the attitude of some of the posters here (and of course, people in general elsewhere) where people are borderline sneering at minimum wage workers and the near celebration of automating out their jobs, there's going to be a lot of people with hard pills to swallow in the near future.
Last edited by OyCrumbler; 07-20-2018 at 10:31 AM..
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