Robot Serves Up 360 Hamburgers Per Hour
kkleiner writes "No longer will they say, 'He's going to end up flipping burgers.' Now, robots are taking even these ignobly esteemed jobs. San Francisco based Momentum Machines makes a robot called the Alpha that can churn out 360 gourmet burgers per hour. The company plans on launching the first ever burger restaurant chain with a cook staff made entirely of robots. You think Americans are obese right now? Just wait."
Why would this make us more obese, this won't make more fat food then we already have, just a new way of doing it. It will just put a few low paid cooks out of a job and leaves one job for some guy that fixes the machine.
.. of employment in America.
The theory is the usual "Free Market Fallacy" wherein the cost of entry to every industry is effectively zero so if you don't drop your price to $15 someone will enter the market who will. The issue of course is that the cost of entry into most industries is far from zero and so the $15 guy never enters the market and the price remains at $20. Potentially existing competitors could drive the price down, but race to the bottom doesn't really work for existing players unless they believe they can pick up and maintain a substantial enough increase in market share to make up for the loss in profits over time.