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originally posted by: tothetenthpower
Another example of automation taking away people's jobs.
All that's left are the 'McJobs'. What happens when those are gone too. Won't be able to afford many of those burgers made by robots...
originally posted by: MarlinGrace
a reply to: xuenchen
You can see those fat cats are making huge money on their investment.
originally posted by: chrismarco
a reply to: tothetenthpower
We create machines to make life easier...I wonder how many people would be out of business if we cured the common cold or cancer....(obviously going out on a limb) but if I'm an inventor I have the right to market my machines to whoever is interested in purchasing them...
I'm sure there will be a lot of people who look for the old fashion burger joint...
originally posted by: Painterz
This is going to be a serious problem over the next 10-50 years, increasingly workers jobs will be replaced with robots.
And where are the low-skill jobs going to come from to replace those?
originally posted by: GAOTU789
a reply to: MarlinGrace
I'd like to know what "others" constitutes in their chart. 25% of total operating costs going into other areas other than whats listed is exorbitant. Also, a 26% labour cost is high for a fast food restaurant. Not unimaginable high but it is an inflated cost, by maybe 3-5%.
Still, that others must cover some interesting things if it hits at 24% of revenue. The graph is right on in 2 aspects though. Labour and food/product costs are the majority of expenditures in any restaurant, not just fast food and that the average profit margin for a restaurant, again not just fast food, is about 3-5%.
If a place is managed well with good staff, that number can go up to maybe 10-15% at most.