Noodle Robots Replacing Workers In Chinese Restaurants
kkleiner writes "Recently developed noodle-making robots have now been put into operation in over 3,000 restaurants in China. Invented by a noodle restaurant owner, each unibrow-sporting robot currently costs 10,000 yuan ($1,600), which is only three months wages for an equivalent human noodle cook. As the cost of the robot continues to drop, more noodle shops are bound to displace human workers for the tirelessly working cheaper robots."
OK, here you go: a CNN report with chart of productivity and inflation-adjusted wages. Note how hourly compensation perfectly tracks steady productivity gains up to ~1980, then completely flatlines thanks to Regan era "trickle-up" policies (continuing into the present day) while productivity continues on the same upwards trend.
This actually made unemployment worse
I never understood why "unemployment" was seen as "bad". In my eyes, 100% unemployment is the goal. Do you enjoy being forced to work just so you can eat?
Chuuch. Preach. Tabernacle.