with supply and demand and all… IM DEMANDING CANNED BREAD!! where’s the supply 🥺?
It replaces workers with robots so it would probably save money too.
with supply and demand and all… IM DEMANDING CANNED BREAD!! where’s the supply 🥺?
It replaces workers with robots so it would probably save money too.
You do actually have to pay them more than minimum wage, if you think about it.
Minimum wage in many countries is so low it’s not enough to sustain a human. You can’t do it to a robot, since it will just not do its job, no matter how many regulators you capture or how many middle management manipulations you pull. You have to pay a living wage to a robot.
This is why “people are still cheaper than robots”. What happens if there’s a 20% wave of inflation? With workers, it’s “we don’t give out 20% pay raises, grow up”, with robots, it’s “here is your power bill, it’s 30% higher to cover for any further fluctuations in inflation, pay it or shut your factory down”.
Robots need breaks too, if they are not regularly maintained they will start to make mistakes, costly mistakes, and they might break, and when one breaks, you don’t just recruit one more wage slave from the fucked up job market, you shell out a lot of money for a new robot.
There may be cases where the price of labor is lower than the price of a specific machine, but the Industrial Revolution was built on replacing labor with capital.
It isn’t evenly spread out, but it is something increasingly happening to more and more jobs.