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I'd say the math is off, but your ideas are sound. If you can reduce a 10M labor market to capital investment with zero yearly wages, it would probably make sen
by e12e 9y ago
I'd say the math is off, but your ideas are sound. If you can reduce a 10M labor market to capital investment with zero yearly wages, it would probably make sense to spend 80M on robots that will cost 20M over ~10 years (or something similar). Point being, if you plan on being in business for a few decades, getting rid of labor costs (especially there might be a race to get rid of labor costs) is likely going to be essential.