Tag Archive: Minimum Wage Hikes


More Robots Coming To U.S. Factories

 

 

 

” Manufacturers will significantly accelerate their use of robots in U.S. factories over the next decade as they become cheaper and perform more tasks, constraining payroll growth, according to a study out Tuesday.

  The development is expected to dramatically boost productivity and slow the long-standing migration of factories across the globe to take advantage of low-cost labor, says the Boston Consulting Group report.

” Advanced robotics are changing the calculus of manufacturing,” says Harold Sirkin, a senior partner at the management consulting firm.

  A handful of nations, including the U.S. and China, are poised to reap the biggest benefits of the automation wave.

  About 1.2 million additional advanced robots are expected to be deployed in the U.S. by 2025, BCG says. Four industries will lead the shift — computer and electronics products; electrical equipment and appliances; transportation; and machinery — largely because more of their tasks can be automated and they deliver the biggest cost savings.

  About 10% of all manufacturing functions are automated, a share that will rise to nearly 25% in a decade as robotic vision sensors and gripping systems improve, BCG says.

  That’s prodding manufacturers to replace workers. BCG says manufacturers tend to ratchet up their robotics investment when they realize at least a 15% cost savings compared with employing a worker. In electronics manufacturing, it already costs just $4 an hour to use a robot for a routine assembly task vs. $24 for an average worker.”

USA Today

 

 

 

 

 

 

 

 

 

 

 

The Minimum Wage Debate

 

 

Facts About Minimum Wage Hikes

Click The Image To Access The Facts

 

” President Obama has made raising the minimum wage a centerpiece of his campaign against “income inequality.” In his most recent State of the Union Address, he called for raising the federal minimum wage to $10.10 per hour over the next 3 years. He also announced plans to unilaterally increase the minimum wage for federal contractors. Meanwhile, numerous governors are also pushing to increase their state minimum as well.

Over the last several years, Cato scholars have written extensively on the pitfalls of raising the minimum wage.”

 

 

More at Cato.org

 

 

 

 

 

 

 

 

Can the Tablet Please Take Your Order Now?

 

 

 

” Carla Hesseltine is considering buying a few tablet devices for her bakery so customers can place orders for her signature M&M cupcakes on their own, straight from the counter. 

The reason: She fears the $7.25 an hour that she currently pays her 10 customer-service employees, mostly college students, could rise, perhaps to $9 an hour under a pledge by President Barack Obama earlier this month.

In order for her Just Cupcakes LLC to remain profitable in the face of higher expected labor costs, Ms. Hesseltine believes the customer-ordering process “would have to be more automated” at the Virginia Beach, Va., chain, which has two strip-mall locations as well as a food van. Thus, she could eliminate the 10 workers who currently ask customers what they would like to eat.”

 

    Government job destruction picks up speed . While the government cannot create jobs except at huge cost to the taxpayer , it certainly can and does destroy jobs and the pace is excellerating .