Archive for the ‘Automation – Robots’ Category

What’s the most common job in the majority of states?

October 17, 2017

Hint #1: 40 years ago, it was “secretary”.

Hint#2: It’s one of the most dangerous jobs in the U.S.

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Census data was crunched by NPR analysts.

Don’t squint for the labels … just glance at the states’ color coding and make your guess.

 

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And, the answer is ….

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What the most common job in the majority of states?

August 25, 2016

Hint #1: 40 years ago, it was “secretary”.

Hint#2: It’s one of the most dangerous jobs in the U.S.

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Census data was crunched by NPR analysts.

Don’t squint for the labels … just glance at the states’ color coding and make your guess.

 

image

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And, the answer is ….

(more…)

Memo to $15 /hour burger flippers: Meet Alpha, your competition.

September 16, 2014

Fast food workers around the country have been protesting for a $15 minimum wage.

A couple of days ago we warned about the possibility of McDonald’s replacing $1 menu with a buck-and –a-half menu … ouch!. The core story line: economists modeled the impact of raising the minimum wage for fast food workers to $15 and concluded that, all else equal, fast food prices would have to go up by about 40% to cover the increased labor costs.

Ooch.  Continues a historic trend … As time rolls on, a buck buys you less and less at Mickey D’s

McD for a buck - 1955 today
Source

Since that post, a couple things happened.

First, McDonalds reported a 3.7% decline in global same-store sales.

That ranks as the company’s worst global same-store sales results in more than a decade.

Profit margins are shrinking and the company is trying to upmix customers to higher margin menu items.

Not exactly the time to be asking for a 66% raise, right?

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Adding to the discourse, a couple of loyal readers fed me some red meat: the realistic possibility that, very soon, low skilled burger flippers will be eased out by burger-making robots.

Here’s the scoop …

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