I'm very sure there are economic analyses of this. Searching hasn't brought up details, but there are things like
- the think tank "Center for a New American Security", which seems to have some influence on politics and runs studies such as
http://www.cnas.org/research/us-defense-policy-and-military-...
https://en.wikipedia.org/wiki/Center_for_a_New_American_Secu...
- this handbook, which seems to be published by a combination of US and French Army researchers:
http://usacac.army.mil/CAC2/cgsc/carl/download/csipubs/Frenc...
(do you need reading material? http://usacac.army.mil/organizations/lde/csi/pubs - wow)
- This Australian publication discusses costs in an abstract way:
http://www.army.gov.au/Our-future/Publications/Australian-Ar...
All of these deal with robotics and the military. Ethics is discussed widely, but visions and plans are also given (for which a cost analysis should be necessary, but I haven't found details).
Concluding, the current vision of the developed world's military seems to be to replace some humans with robots and have the rest work alongside them, giving them the most dangerous tasks. (A publication lamenting the fact that army operations can be life-threatening is somewhat ironic, by the way.) However, the previous points cited child soldiers, which are neither trained well nor do they receive the benefits you mention. So we're dealing with different contexts, and both statements make sense, IMHO.