Renting Robots For Less Than Minimum Wage Is A Boon For Companies
Renting Robots For Less Than Minimum Wage Is A
Boon For Companies
BY TYLER DURDEN FRIDAY, JAN 21, 2022 - 11:20 PM
Automation has rapidly expanded in businesses of all sizes to
cope with rising wages and labor shortages.
Robotics help firms streamline otherwise inefficient tasks and slash labor
costs amid an inflationary environment.
Orders for robotic machinery have jumped for automotive,
agricultural, construction, electronics, food processing, and warehousing
companies. The benefits of employing a robot over a human are now being
realized for small and medium-sized companies.
Jose Figueroa, who manages Polar Manufacturing, a small company
that produces hinges, locks, and brackets in south Chicago, told Wired that
he employed a robot on the production line that costs only $8 per hour versus a
minimum wage of $15 per hour for humans. He said the robot has allowed workers
to concentrate on other tasks while increasing output.
"Smaller companies sometimes suffer because they can't
spend the capital to invest in new technology," Figueroa said.
just struggling to get by with the minimum wage increase," he added.
Polar pays $8 an hour to use the robot, making it very
affordable for small businesses. The manager expects 25 of these production
line robots within five years. As for the 70 employees, he expects to retain
them but said robots had made it so that no new hires are needed.
Over the last two years, the virus pandemic has created a
shortage of workers and a whole host of inflationary
pressures, from wages to transportation to energy costs, squeezing
margins and forcing companies to become more efficient and or pass along the
extra costs to consumers.
Another small business, called Georgia Nut, a confectionery
company in Skokie, Illinois, struggles with labor shortages and employs robots
for $8 an hour.
that can help reduce labor count or the need for labor is obviously a plus at
this particular time," Steve Chmura, chief operating officer at Georgia
Companies like Formic make it possible for small and
medium-sized firms to reduce operating expenses and increase capacity by
allowing them to pay per hour for robots. Renting robots is a gamechanger
for smaller companies than outright purchasing one.
Robotics as a service is driving a new wave of affordable
automation. This will only accelerate the automation wave (something we've described for
years) that will displace millions of workers by the end of the decade.
World’s 1st remote brain surgery via 5G network performed in China Published time: 17 Mar, 2019 13:12 · A Chinese surgeon has performed the world’s first remote brain surgery using 5G technology, with the patient 3,000km away from the operating doctor. Dr. Ling Zhipei remotely implanted a neurostimulator into his patient’s brain on Saturday, Chinese state-run media reports . The surgeon manipulated the instruments in the Beijing-based PLAGH hospital from a clinic subsidiary on the southern Hainan island, located 3,000km away. The surgery is said to have lasted three hours and ended successfully. The patient, suffering from Parkinson’s disease, is said to be feeling well after the pioneering operation. The doctor used a computer connected to the next-generation 5G network developed by Chinese tech giant Huawei. The new device enabled a near real-time connection, according to Dr. Ling. “You barely feel that the patient is 3,000 kilometers away,” he said.
Visualizing The Power Of The World's Supercomputers BY TYLER DURDEN FRIDAY, JAN 21, 2022 - 04:15 AM A supercomputer is a machine that is built to handle billions, if not trillions of calculations at once. Each supercomputer is actually made up of many individual computers (known as nodes) that work together in parallel. A common metric for measuring the performance of these machines is flops , or floating point operations per second . In this visualization, Visual Capitalist's Marcus Lu uses November 2021 data from TOP500 to visualize the computing power of the world’s top five supercomputers. For added context, a number of modern consumer devices were included in the comparison. Ranking by Teraflops Because supercomputers can achieve over one quadrillion flops, and consumer devices are much less powerful, we’ve used teraflops as our comparison metric. 1 teraflop = 1,000,000,000,000 (1 trillion) flops. Supercomputer Fugaku was completed in March 202
Too Much Power to the People? A Food Safety Site Tests the Limits Several national chain restaurants have been the target of complaints on IWasPoisoned.com since the site began in 2009. By KEVIN ROOSE FEB. 13, 2018 Dan Laptev, an electronics analyst, was making his way through the Charlotte, N.C., airport this month when he stopped at Starbucks for a light dinner — a ham-and-cheese sandwich and a cup of hot chocolate. He ate, drank, boarded his flight and got home. And that’s when the trouble started. Mr. Laptev spent much of that night hunched over the toilet with a violently upset stomach. Suspecting his Starbucks meal as the source of his ills, he sent a complaint through the company’s website, but got only an automated form email back. So he did the next best thing: He logged on to his computer and went to IWasPoisoned.com, a website that allows users to post reports of food poisoning, and submitted his saga. “I wanted to let people know to stop eating at Star