Quote:
Originally Posted by crockett
Automation is not a result of Obamacare.. It's a result of technology and it's gone on since Henry Ford created the first assembly line. China where they pay people $30 a month and then take half of it back in forced housing fees is also using robots. Automation is not just about cutting labor costs but also about doing a more precise, uniform and efficient job.
Chinese factories aren't cutting $30 dollar a month labor in exchange for robots that cost from $300k to a million dollars. It's obviously more profitable for them to keep the cheap labor, if you only take labor expense into account. However the robots are more efficient and do a more precise jobs which ends up creating more profit because they do a better job faster.
They don't have Obamacare in China.. 8)
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You can spin it however you want.This isn't China. I don't need a 200 page report to learn that obamacare is hurting the economy. Robots aren't anywhere near that expensive today. We bought a new panasonic recently. Turnkey = $68,000.
Before obamacare we would've hired a couple of welders. If you didn't make large quantities of any one part robots were hard to justify. Today, they are not hard to justify.