Published at Thursday, November 08th, 2018 - 14:49:40 PM. Manufacturing Robot. By Carole de Chateaub.
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.
If we did the same thing for robotic welding machines at our modern automobile factories we would surely have enough heat energy spinning those small wheels to power up all the lights in the factory. Wouldn't it be great to know that even if the power went off, the grid went down, or there was any sort of power failure that the factory could keep running because it kept reusing at least most of its energy? Remember in the manufacturing process it's all about efficiency, and that's why I came up with a strategy. Indeed I hope you will please consider all this and think on it.
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