Robots that Grill could mark the end of Fast Food Jobs
The fast-food industry is witnessing a transformative shift by introducing burger bots designed to enhance efficiency and cut costs. Momentum Machines, a notable player in this field, has rolled out a burger robot capable of producing an impressive 400 burgers per hour. This advanced machine handles grilling, slicing, assembling, and packaging, potentially replacing up to three full-time cooks. Another contender in this space is Flippy, which is equipped with an AI component that allows it to learn and adapt over time.
Various factors, including pressure from unions for higher wages and the limited pricing power of fast-food establishments, fuel the advent of burger bots. As unions advocate for increased minimum wages, the industry turns to automation to offset rising costs. While the moral implications of this shift are a separate discussion, the trend itself is unstoppable. Fast-food managers and owners stand to benefit from reduced overheads associated with staffing, addressing challenges related to personnel management, schedules, safety, and training.
Although these burger bots come with considerable initial investment, approximately $30,000, their potential to cut ongoing expenses significantly makes them attractive for fast-food establishments. According to reports, a prototype of such a robot could save a restaurant up to $90,000 annually in training, salaries, and overhead costs. The rise of burger bots marks a noteworthy development in the evolution of the fast-food industry, emphasizing the growing role of automation in optimizing operations. Full Story
Automating the Future: The Rise of Burger-Flipping Robots in the Fast-Food Industry
The landscape of the fast-food industry is undergoing a significant metamorphosis with the advent of advanced burger-flipping robots, signalling a potential shift in the future of fast food jobs. Companies like Momentum Machines and Miso Robotics are at the forefront of this revolution, introducing sophisticated AI-powered bots designed to streamline operations and reduce costs.
Momentum Machines has made waves with its burger bot that boasts an impressive output of 400 burgers per hour. This high-tech machine handles everything from grilling and slicing to assembling and packaging, potentially replacing the need for up to three full-time kitchen staff. Miso Robotics, on the other hand, has introduced Flippy, a robot equipped with machine-learning capabilities that enable it to adapt and improve its performance over time.
Several factors, including the push from unions for higher wages and the constrained pricing power of fast-food outlets, drive these burger bots’ rise. As the fight for increased minimum wages intensifies, the industry is leaning towards automation as a solution to counterbalance escalating costs. While the ethical implications of this transition warrant a separate debate, the trend towards automation seems to be an inevitable one. Fast-food managers and owners will likely reap the benefits of reduced staffing overheads, mitigating personnel management, scheduling, safety, and training issues.
Despite the substantial initial investment required for these burger bots, estimated at around $30,000, the potential for significant reductions in ongoing expenses makes them a compelling investment for fast-food businesses. Reports suggest that a single robot could save a restaurant as much as $90,000 annually in training, salaries, and overhead costs. This burgeoning trend of burger bots underscores a pivotal moment in the fast-food industry’s evolution, highlighting the increasing importance of automation in enhancing operational efficiency.
Tactical Investor take
Automation is already a part of our lives, and it is here to stay. The robot market is going to experience significant growth in the coming years. It is predicted that unions will become irrelevant shortly, and there will be substantial changes in the job market. Manufacturing jobs are not expected to return, and many low-paying positions will be replaced by automation. Anything that involves logic or patterns will be automated. The experts are concerned about wage deflation, which is likely to occur due to automation.
The education sector is also in for significant changes. A college degree may not be as valuable as it once was. Many degrees are not worth the paper they are printed on. We will discuss this in more detail in a future update. We apologize for not elaborating further on this topic in this update, as we have been working tirelessly on processing data over the past few days.
Two small, private liberal arts colleges plan to slash the price of tuition by nearly half for incoming freshmen next year. In doing so, they join a small but growing crop of schools that are experimenting with ways to make higher education more attainable for students and families by removing sticker shock.
Rosemont College, a Catholic school just 10 miles west of Philadelphia, and Utica College in New York both announced in the last two days that they’re moving from a “high price, high discount” model to a “low cost, low discount” model. US News
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