Meet The Man Who Thinks Robots Are The Only Way To Make American Manufacturing Great Again
- Thread starter Banjo
- Start date
The only problem is that robots can be bought by any country. So Robotics will give to all buyers the same cost and returns. So on that point it will be impossible to become the best one as all countries will have the same numbers.
A robot producing cars in the US will do this at the same cost as it would be anywhere else. So how can you become the better one?
There are still labour costs associated with robots, then also realestate costs, service overheads, taxation, electricity, so not altogether the same everywhere I would have thought.
Also some robots specialized with fancy features and maybe IA and not available on the market, so robots will be another competitive industry.
Robots like agos, very personalized and fine tuned.
Labour cost is the biggest cost on which companies can have impact. First thing they watch is reduce labour cost to the minimum. That labour cost will be replaced by robots that everybody can buy. First thing in reorganization is laying off people. All the other costs you mention have a much smaller impact on the total cost. Labour cost in many companies is bigger than real estate costs, service overheads, taxation and electricity together. It is not the number of costs that matters it is the amounts of them. And many of these cost will be similar, so not enough difference to really matter.
Yep.
Water always seeks its level.
The U.S. standard of living is heading south.
There's still plenty of wealth though.
One thing robots can't replace is quality land.
Land outside the high growth cities.
Plan your trade, trade your plan.
Not only US standards. In most Western countries standard of living is in decline.
Income does not go up anymore, water, gas, electricity, taxes, fuel, real estate, healthcare.. go up much ore than income. So buying power is shrinking.
He is absolutely correct.