I cant see this as good for humans with the sheer numbers of population we need to employ and feed. The only people I see benefiting are the 1%.. They are going to increase and horde profits while the people starve in the streets.
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:lol:
I'm tellin ya man....I keep banging the drum about my fear of AI. There will be a moment when technology leaps (think of PC processors in the last decade) and mankind will figure a way to integrate machines into more aspects of our lives than we can imagine.
I'll wade into this thread, admittedly too late. I really do wonder if minimum wage has much to do with this... how much do these machines cost? $25,000? $50,000? Does it matter? Compared to the 1-2 the employee it replaces, I'm not sure that with this technology now being where it is that even $5 as the minimum wage would 'protected' front line unskilled CSR jobs for much longer. It just makes fiscal sense to install them, and for public companies not much else matters.
:woot: i'll let you know :tup:
Seems that they are putting their tax cut to good use... :?:
They were planning to do this before any tax cut was ever announced. It's a response to states raising minimum wage to $15/hr.
Maybe they could use their tax cuts to keep people employed...
Australia = $694.90 pw or $18.29 /hour - minimum wage.
One todays exchange that is USD $549.42 or $14.46 /hour.....
On figures we look better until an exchange rate comes into play and then it's a bummer....
How much do you get to keep? Isn't your tax rate like 50%?