The risk of moving onto machines isn't offset by the 25 cents savings, and the potential return for paying that 25 cents for the next few years is that you turn it into a 4 dollar savings instead.
But delaying investment only works in the absence of competition. 4 years to get your ROI now means that in year 5 you're down to maintenance costs for your robots. If that's the year your competition decides to make their investment in robots, you can drop your price due to how little it now costs you to make burgers.
Your competition is then in the crappy situation where they're overpriced in comparison to you, needing capital for their robot investment, and looking at 3-4 years before they can compete with you on price, even if the cost of robots has gone down. That's a nice recipe for bankruptcy.
As others have noted, the rise to $12 or $15 per hour is gradual spread over several years. There's got to be a careful balance in when you make your robot investment, and it's not just going to depend on minimum wage.
Well said, but you missed a big one: Goods that are imported are taxed at a much higher rate than materials that are imported. If we can make the same product with the same robots and not need to both ship and get import taxed on the final product, it likely makes it really cheap. And that is even if we still have to import the raw materials in bulk.
Same exact situation here. My 2012 MBP is still running fine, but I want something with a bit more processing power. Looking at the current lineup of MBPs, I just can't fathom spending so much money on such a limited machine. All the MBP models have tiny little hard drives and tiny little batteries and will get lost in a bookbag they're so thin. I just need a decent laptop with decent battery life that has a 1TB hd and some computing power. I guess I could buy the low-end MBP and upgrade it myself for far less than a high-end one, but it seems ridiculous to me to have to do that.
Thinking about a higher end System 76 laptop instead of a new MBP, because I can get the same or better guts as a new MBP for ~$1000 less. As much as I love my MBP, OSX is turning into such shit that it doesn't even come close to making up for that price difference. I did various forms of Linux for a decade, ran OSX for 7-8 years, and now I'm quickly being driven back to Linux.
And this "upgrade" really isn't looking like anything I'd be interested in. OLED touch bar and dropping the magsafe connector for a USB Type C? That's fucking stupid. Check out the ports in a System 76 laptop! The Kudu has: 3× USB 3.0, 1× USB 2.0, SD Card Reader, DVD-RW Drive, Gigabit Ethernet, HDMI, VGA, Headphone Jack, and Mic Jack. Or......you could get a 1-2 USB Type C ports on a new MBP for $1000 more. Now that I think about it, I think I'll see of I can configure one of those to drop the DVD drive and cut the weight a little (6lbs is a little much) and just pull the trigger.
I just dropped mine last month. It was harder and harder to find something new and interesting that wasn't already dumped on youtube in decent quality.
I think we can all agree that enslaving children and forcing them to work in mines under conditions that are likely to kill them is undesirable...
So, you're not a parent, eh?
If the research is free, the first functional AI will be able to find it, read it, and become smarter.
Do you want skynet? Because that's how you get skynet.
Sure, using the raw blockchain is somewhat difficult. But have you seen http://www.changetip.com? You deposit bitcoins which they then credit to your virtual account and store offline in a cold wallet. From there you can transfer money to people via social media including tweets, on reddit, through facebook, etc. They link their social media account to changetip, and then can (of course for a small fee) withdraw the funds or transfer them to someone else.
At periodic intervals they bring the cold wallet online and process your transfers before pulling it off once again.
This avoids the hassle of actually dealing with bitcoin by paying a third party to handle that crap. The end result is super easy to use. On reddit, post "/u/changetip $1" to a post or comment and if they are linked to changetip with that account, it instantly shows up in their wallet there. If they aren't linked to changetip, they get a message with instructions for how to claim the money.
I look at this like I look at credit cards. Paying someone on the other side of the country $1000 in cash is not easy to do. Even a check would take some time. But if they take credit cards, that processing % is essentially paying someone else to do the work to make that transaction nearly instant and hassle-free. I think that the blockchain will end up working more like changetip makes it work. "The Dollar" is still behind credit card purchases. It's just far faster and easier to swipe and pin/sign than it is to count cash in many situations. We pay a % for that efficiency.
Maternity pay? Now every Tom, Dick and Harry will get pregnant. -- Malcolm Smith