There was an interesting talk given by Regina Dugan of DARPA on December 14, 2011 for the engineering students and social studies students at MIT titled; ”Just Make It” which of course is a ”take-off” literally on the Nike Brand theme; Just Do It! – in this talk she mentions an aircraft manufacturing company which works without assembly lines and has been able to increase time to build from start to finish by a factor of 2. Each aircraft stays put, the folks working on it move. Okay so, that makes sense, and Rolls Royce and other high-end auto manufacturers use similar techniques, as to many of the hand-crafted high-end specialty cars.
One of the major advantages of robots is that they can perform any kind of work if programmed accordingly and they can also work for longer hours without giving them any break. The robots are built in such a way that they can work for many years. This is a long time investment where you can get much of your work done with less cost. The industrial robots economic life span is approximately 12-16 years. The industrial robots have been producing good work and that they have become one of the important parts of the industries.
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First, when you raise the cost of labor for small entry level jobs, there will be fewer of them as businesses raise their prices and clientele evaporates, some businesses will close, fewer jobs. The businesses and business models that survive will absorb those costs with rate and price increases to customers – this results in inflation therefore your dollar will be worth a little less, how much is hard to say; 10%, maybe 20%, which is about how much the minimum wage increase would be from what it is now if it went up to let’s say $10.00.
The choice of automated forex robot usually is hard, as there are many automated trading systems out there, but only few of them are actually worth the price. There are also very expensive automated forex robots, which could cost up to ten thousand dollars, but are not even worth a cent. I myself tried dozens of such kind of programs, but I liked only few of them.
Some have suggested – Hillary Clinton, The DNC, President Obama, Bernie Sanders, that it ought to be raised to $15.00 per hour, ouch, this will close car washes, retail stores, small businesses, fast food restaurants and it will cause companies to automate and ditch their labor costs all together – you think I am blowing smoke – Nope! Let me give you an example of where this is happening right now.