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Fetch Robotics Unveils Warehouse Robots
gthuang88 writes: Warehouse automation has become a big business, with Amazon's Kiva robots leading the way. Now a startup called Fetch Robotics is rolling out a pair of new robots that can pick boxes off of shelves, pass them to each other, and carry the goods to a shipping station. Fetch, led by Willow Garage veteran Melonee Wise, is competing with companies like Amazon's Kiva Systems, Rethink Robotics, and Harvest Automation to develop dexterous, mobile robots for retail, distribution, and manufacturing.
I think I got modded down at least 2000 times in the last 16 years or so for saying this particular simple thing: capital competes with labour.
Labour and capital are in competition, there is always some price point, where it is cheaper to invest capital to reduce reliance on labour and the opposite is also true, should labour become cheap enough it can win against capital for some time at least.
What are the factors that lead towards labour being more expensive than capital? Well, in the so called 'developed' nations that would be government created inflation (paper fiat printing and interest rate manipulation), business regulations (which are taxes) and other income and wealth taxes.
The price of labour in the free market may or may not in some cases lead to investment of capital in order to displace the said labour but in a non-free market system that the so called 'developed' world is running the price of labour is artificially high, pushed by regulations and laws and taxes high enough for capital to win over and over and over and over.
Companies like Uber and many others will come up with ways to bring down the cost of labour by getting around regulations and laws (and hopefully taxes at some point) in order to make labour competitive again. For now we are not there yet.
Various economic indicators in the USA are showing a significant slow down in the economy, it's systemic but the TV will make you think this is all weather related, which is pure nonsense. Weather happens, so do other things, these things shouldn't cause the so called 'economists' miss their targets all the time by such huge margins. The USA (and some other) economy is dying the death of trillions of cuts administered by the government and various 'progressive' agenda but also by the mix of corporate/state agenda that prevents free market from working. Free market is then blamed, the idiots say: 'free market fails' or whatnot, when the reality is that it is their system of government that fails to protect individual liberties and freedoms required for the free market to exist.
There will be no easy fix for this failure to protect individual liberties, it will be a painful and very expensive crash, the question is what do you do after that crash?
You can't handle the truth.