This should destroy about 50,000 to 100,000 jobs a year for the next few years. That's more than the entire coal mining industry.
This should destroy about 50,000 to 100,000 jobs a year for the next few years. That's more than the entire coal mining industry.
I often noted with them at the time similar notions of the implications for the job market. There's so much hype out there, but I think RHR will be one of the companies that actually illustrates to the public where things are headed.
$25/h * 2000h/year = $50,000/year. Any robot that can replace a single picker that costs less than $250,000 would earn back it's capital in five years. And this robot? I don't think it costs a quarter million. I bet it costs in 5-figures.
The biggest barrier will be if they can produce these fast enough to meet demand.
I think you're wrong about $25/hr though, it's probably closer to the minimum wage. So maybe 3-5 years is the right estimate after all.
Having motorized components near people sounds like a recipe for disaster. Especially around people who might not be fast enough to move out of the way if something goes wrong.
I have mixed feelings about this...