From FOX News/Business:
Fmr. McDonald's USA CEO: $35K Robots Cheaper Than Hiring at $15 Per Hour
“I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry -- it’s cheaper to buy a $35,000 robotic arm than it is to hire an employee who’s inefficient making $15 an hour bagging French fries -- it’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe,” said former McDonald’s USA CEO Ed Rensi during an interview on the FOX Business Network’s Mornings with Maria.
I do not doubt it - they never call in sick or late and work for peanuts - the one-time investment and minimal operating costs make them pay for themselves within the year.
Factoring in all the hidden costs of hiring someone (FICA, FUTA, etc...) it costs the employer about $45K to hire someone for 2,000 hours at $15/hr. (2,000 hours = 50 weeks employment at 40 hours/week - two week vacation).
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