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Good news, but isn't Connecticut pretty expensive?
VERY expensive. I am from Ct. Try ordinary homes often well over 500k, hotel rates about 150% the average for all US per Smith Travel Research (most quoted media source), restaurants up there run me 150-200% comparable quality restaurants in Nashville metro.
Remember Leftist don't care about fact, just emotions.
I am pretty sure most liberals are aware that Connecticut is an expensive state, not sure what that has to do with emotions. Could you explain this post in better detail because I am not following your claim.
I am pretty sure most liberals are aware that Connecticut is an expensive state, not sure what that has to do with emotions. Could you explain this post in better detail because I am not following your claim.
They think the raise the wage will make things better, that is never the case, your are going to mechanization of labor at a faster rate..
They think the raise the wage will make things better, that is never the case, your are going to mechanization of labor at a faster rate..
So giving raises is a bad thing? Do you turn down a raise when your boss gives you one because you don't want a machine to do your job? Technology is going to increase at the rate it has always increased at, minimum wage increases aren't going to have any effect on that.
So giving raises is a bad thing? Do you turn down a raise when your boss gives you one because you don't want a machine to do your job? Technology is going to increase at the rate it has always increased at, minimum wage increases aren't going to have any effect on that.
Raises speed up the process, as corps invest based on ROI , measured in payback years. It comes down to amount invested/labor savings = ROI years. When a denominator is raised w/o the numerator raised, the answer is reduced. A lower amount of payback years increases the chance something gets automated.
Our 120k packout robots replaced a like amount of labor annually.1 year payback. If we could only cut 50k, the payback being > 2 years, would have meant the capital request would be denied.
Now, eventually the robots we pay 120k for now will cost 50k, so in the latter equation, we'd do it at that time anyway. But raising the cost of the human makes the alternative a more attractive option than before. Self-serve checkouts, kiosks, Applebee's 100,000 tablets, robots will keep getting CHEAPER, as humans cost more. A self-created train wreck.
Raises speed up the process, as corps invest based on ROI , measured in payback years. It comes down to amount invested/labor savings = ROI years. When a denominator is raised w/o the numerator raised, the answer is reduced. A lower amount of payback years increases the chance something gets automated.
Our 120k packout robots replaced a like amount of labor annually.1 year payback. If we could only cut 50k, the payback being > 2 years, would have meant the capital request would be denied.
Now, eventually the robots we pay 120k for now will cost 50k, so in the latter equation, we'd do it at that time anyway. But raising the cost of the human makes the alternative a more attractive option than before. Self-serve checkouts, kiosks, Applebee's 100,000 tablets, robots will keep getting CHEAPER, as humans cost more. A self-created train wreck.
No it doesn't technology advances speed up the process. A computer is no longer $100K and the size of a room, it is now a few hundred dollars and the size of a smart phone. Applebee's doesn't pay servers that much to begin with and in many states they pay them below minimum wage, but even with the tablets, there are still servers to bring people their food and drinks....though I have seen tablet service before at airports and it makes a restaurant feel cheap and lazy. When I go out to eat, I prefer a well trained server over a tablet.
No it doesn't technology advances speed up the process. A computer is no longer $100K and the size of a room, it is now a few hundred dollars and the size of a smart phone. Applebee's doesn't pay servers that much to begin with and in many states they pay them below minimum wage, but even with the tablets, there are still servers to bring people their food and drinks....though I have seen tablet service before at airports and it makes a restaurant feel cheap and lazy. When I go out to eat, I prefer a well trained server over a tablet.
Applebees will no doubt cut heads, and while the jobs do not pay much, anything is more than nothing.
The other chains will also install tablets. At the end of the day, this will cut the quantity employed in restaurants by at least one third.
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