End Times and Current Events

General Category => North America => Topic started by: Mark on January 26, 2017, 04:31:12 am

Title: Meet the "Big Mac ATM" That Will Replace All Of Your $15 Per Hour Fast Food Work
Post by: Mark on January 26, 2017, 04:31:12 am
Dear Bernie, Meet the "Big Mac ATM" That Will Replace All Of Your $15 Per Hour Fast Food Workers

ear Bernie, as you continue in your never-ending "Fight for $15", we thought you might benefit from a simple example of how economics work in a real life, functioning, capitalistic society.  You see, Bernie, labor, much like your daily serving of crunchy granola, is just another "good" that businesses can choose to consume more or less of, depending on price.  And, just to be crystal clear, when the price of labor (i.e. wages) increases, businesses tend to consume less of it.  Finally, our dearest Bernie, when misinformed politicians radically disrupt labor markets by setting artificially high base prices, like your proposed $15 federal minimum wage, then businesses simply stop consuming labor completely and instead replace that labor with this "Big Mac ATM Machine."

So, you see Bernie, pretty soon all those McDonald's workers that you promised a "fair living wage" to make Big Macs, will have absolutely no wages at all courtesy of your "Fight for $15."

Of course, as the Daily Caller points out, the "Big Mac ATM" is just the tip of the iceberg when it comes to low-skilled jobs that will be automated as a result of the $15 minimum wage that has already been passed in several states across the country.

    Wendy’s, another popular fast-food establishment, announced plans in May to start installing self-serving kiosks at some of its over 6,000 locations later in the year. The chain is replacing cashiers and other low-skilled jobs with computers and automated machines because, as Wendy’s president Todd Penegor told Investor’s Business Daily, it has to compensate for wage hikes.

    McDonald’s Europe president Steve Easterbrook announced in 2011 that the fast-food restaurant was planning on “hiring” 7,000 touch-screen cashiers to be installed across the continent, according to CNET and the Financial Times. Easterbrook said it would make transactions more efficient — namely lowering the average interaction three to four seconds each.

So, congrats on getting all those fast food workers fired, we're sure they really appreciate all your hard work. 


Title: Re: Meet the "Big Mac ATM" That Will Replace All Of Your $15 Per Hour Fast Food Work
Post by: Mark on February 27, 2017, 06:32:06 pm
Left Pushes For $15 Minimum Wage, Wendy's Installs Self-Service Kiosks at 1,000 Locations
Oh, Leftists... you never learn.

The Left is incapable of grasping the most basic concepts -- be they political, societal, or economic -- and while it continues its crusade to raise the minimum wage for all Americans working in hourly roles, companies will routinely find ways to circumvent the economic doom those higher labor costs promise.

With this in mind, Wendy's is slated to install automated, self-ordering kiosks in 1,000 of its locations by the end of 2017. That equates to roughly 16 percent of all its locations. Needless to say, if successful (and it will be), kiosks will replace the majority of lower-skilled workers at fast-food chains and other types of businesses around the country. The Columbus Dispatch reports:

The Dublin-based burger giant started offering kiosks last year, and demand for the technology has been high from both customers and franchise owners.

"There is a huge amount of pull from (franchisees) in order to get them," David Trimm, Wendy's chief information officer, said last week during the company's investors' day.

"With the demand we are seeing ... we can absolutely see our way to having 1,000 or more restaurants live with kiosks by the end of the year."

Trimm said the kiosks accomplish two purposes: They give younger customers an ordering experience that they prefer, and they reduce labor costs.

A typical store would get three kiosks for about $15,000. Trimm estimated the payback on those machines would be less than two years, thanks to labor savings and increased sales. Customers still could order at the counter.

Kiosks are where the industry is headed, but Wendy's is ahead of the curve, said Darren Tristano, vice president with Technomic, a food-service research and consulting firm.

"They are looking to improve their automation and their labor costs, and this is a good way to do it," he said. "They are also trying to enhance the customer experience. Younger customers prefer to use a kiosk." [...]

Demand for the technology is high, and higher-volume stores will get priority, said Heidi Schauer, Wendy's spokeswoman.

Among the 1,000 kiosks will be close to 100 at company-owned stores. There already are kiosks in some central Ohio locations where Wendy's has tested the technology.

Kiosks might not immediately replace workers, but instead shift labor to other areas, Tristano said. Kiosks might also mitigate the rise of wages, something Wendy's noted as well.

"Last year was tough — 5 percent wage inflation," said Wendy's COO Bob Wright during a presentation to investors last week. Noting that the company expects a 4 percent wage increase in 2017, Wright asked, "the real question is what are we doing about it?"

Wright noted that over the past two years, his chain has eliminated 31 hours of labor per week from its restaurants and that kiosks ensure better order accuracy.

They also always show up to work on time and don't demand a living wage.


Title: Re: Meet the "Big Mac ATM" That Will Replace All Of Your $15 Per Hour Fast Food Work
Post by: Psalm 51:17 on February 28, 2017, 10:09:20 pm
$15/hr is what college grad Entry Level Accountants get. (I did, when I worked as a Jr. Accountant in a furniture store 11 years ago)

Title: Re: Meet the "Big Mac ATM" That Will Replace All Of Your $15 Per Hour Fast Food Work
Post by: Mark on March 09, 2017, 05:49:51 pm
Here’s What Your $15/Hour Wage Demand Gets You: a Burger-Flipping Robot
They asked for this.

Meet  Flippy: a new burger-flipping robot that can simultaneously cook beef and chicken to the perfect degree of doneness on a grill, help with the assembly of the final product, is fully adaptable to its surroundings thanks to its computer vision, and will never complain about needing a break. This is the answer to the $15 per hour wage demanders.

Made by Miso Robotics, Flippy is currently in the demo stage but is already cooking at Caliburger in Pasadena, California and scheduled to be installed in 50 other Caliburger restaurants starting in 2019, according to News Atlas.

CEO David Zito said:

“Much like self-driving vehicles, our system continuously learns from its experiences to improve over time. Though we are starting with the relatively 'simple' task of cooking burgers, our proprietary AI software allows our kitchen assistants to be adaptable and therefore can be trained to help with almost any dull, dirty or dangerous task in a commercial kitchen — whether it's frying chicken, cutting vegetables, or final plating."

Here’s Flippy in action:


As the push for higher minimum wages rallies Democrats across the nation, companies are already seeing a need to replace low-skilled workers with artificial intelligence to stay in business. As TruthRevolt's Tiffany Gabbay reported last month, Wendy’s is installing self-service kiosks at 1,000 of its locations in 2017 due to these demands.

Former McDonald’s CEO Ed Rensi said the fast-food giant is also rolling out automated kiosks as job-replacing technology is the next solution to rising labor costs. Rensi has a very simple message to the unions and others who support the Fight for $15: “I told you so.”

“It brings me no joy to write these words,” Rensi wrote in an op-ed for Forbes. “The push for a $15 starter wage has negatively impacted the career prospects of employees who were just getting started in the workforce while extinguishing the businesses that employed them. I wish it were not so. But it’s important to document these consequences, lest policymakers elsewhere decide that the $15 movement is worth embracing.”

Yes, they're taking our jobs. Thanks, Dems.


Title: Re: Meet the "Big Mac ATM" That Will Replace All Of Your $15 Per Hour Fast Food Work
Post by: Mark on June 27, 2017, 12:07:16 am
McDonalds Is Replacing 2,500 Human Cashiers With Digital Kiosks: Here Is Its Math

The stock market is luvin' McDonalds stock, which has continued its recent relentless rise to all time highs, up 26% YTD, oblivious to the carnage among the broader restaurant and fast-food sector. There is a reason for Wall Street's euphoria: the same one we discussed in January in "Dear Bernie, Meet the "Big Mac ATM" That Will Replace All Of Your $15 Per Hour Fast Food Workers."

In a report released this week by Cowen's Andrew Charles, the analyst calculates the jump in sales as a result of the company's new Experience of the Future strategy which anticipates that digital ordering kiosks (shown above) will replace cashiers in at least 2,500 restaurants by the end of 2017 and another 3,000 over 2018. Cowen also cited plans for the restaurant chain to roll out mobile ordering across 14,000 U.S. locations by the end of 2017 (we did not show that particular math, but the logic was similarly compelling).

Here is a snapshot of the math that Cowen, likely in conjunction with management, used to come up with the cost-savings as McDonalds increasingly lays off more and more minimum wage workers and replaces them with "Big Mac ATMs"

    MCD is cultivating a digital platform through mobile ordering and Experience of the Future (EOTF), an in-store technological overhaul most conspicuous through kiosk ordering and table delivery. Our analysis suggests efforts should bear fruit in 2018 with a combined 130 bps contribution to U.S. comps. We believe mobile ordering better supplements the drive-thru business where 70%+ of U.S. sales are transacted. In our view, MCD's differentiation lies in the operational enhancements of mobile ordering that includes curbside pick-up of orders in order to not disrupt the drive-thru.

Below we show Cowen's full math laying out why the restaurant chain's client-facing fast food workers are now obsolete:

    We are most excited for mobile ordering, Experience of the Future and the launch of fresh beef to help drive U.S. same store sales in 2018. We provide analysis for the latter three, which cumulatively we expect to contribute roughly 150 bps to U.S. same store sales in 2018, respectively. This gives us confidence to raise our 2018 U.S. same store sales forecast from 2% to 3%, in excess of Consensus Metrix’s 2.5%.

    Experience of the Future Features Lower ROI Than Mobile Order, But Offers Greater Potential Longer Term

    We are constructive on the use of guest facing technology for the restaurant industry. MCD’s longer-term U.S. story revolves around Experience of the Future (EOTF), a holistic operational and technological overhaul to the store base. MCD’s March 2017 investor meeting centered around the initiative with interactive displays. Perhaps the most conspicuous piece of Experience of the Future lies in digital kiosk ordering, which have seen success in International Lead Markets. Additionally, food ordered via the kiosk is delivered to the customer’s table. We believe EOTF better enhances the instore experience, which represents roughly 30% of domestic sales compared to mobile ordering, which allows customers to avoid leaving their cars.

    Our ROI math suggests EOTF leads to a 9% cash/cash return in Year 1 in the 55% of domestic stores that do not require a store remodel, and 5% in the 45% of stores that require a remodel, which is a predecessor to implementing EOTF. Our math is premised on total costs of $150,000 for the Experience of the Future enhancement, and $700,000 of all-in costs when including EOTF as well as a store remodel. MCD has offered to pay 55% of the cost for Experience of the Future, in excess of the 40% the company contributed to the store remodel initiative beginning in 2010, for restaurants that commit to the program by the end of 2017.

    McDonald’s targets a high-teens return on incrementally invested capital (ROIIC, or McSpeak for evaluating ROI), improving to the mid-20% range beginning in 2019. We believe EOTF’s ROI is captured over time as the sales lift does not dissolve as in the case of a traditional restaurant remodel. Rather, the lift should sustain as we expect consumers to increasingly embrace technological change. This is evidenced across concepts, such as Panera’s experience with 2.0, as well as McDonald’s own experience in Canada, where kiosks saw 12-13% sales mix in Year 1 and 27% in Year 2. We also note kiosk ordering will also likely lead to labor savings over time which should help boost ROIIC, but is unlikely for the foreseeable future.

rest: http://www.zerohedge.com/news/2017-06-23/mcdonalds-replacing-2500-human-cashiers-digital-kiosks-here-its-math

Title: Re: Meet the "Big Mac ATM" That Will Replace All Of Your $15 Per Hour Fast Food Work
Post by: Mark on March 05, 2018, 04:43:57 pm
Flippy the Burger Flipping Robot Is Now Cooking at the CaliBurger Fast Food Chain

A burger-flipping robot named Flippy is now cooking up hamburgers at a fast food restaurant called Caliburger.

A robot named Flippy is now in the kitchen at a fast food restaurant called CaliBurger in Pasadena. We were there for a preview event where Flippy made us some lunch.

Your next fast food burger might be cooked by a robot!

Flippy is a brand new, burger flipping robot now cooking at a chain called CaliBurger, which serves up California style burgers and fries.

"The key to success in the restaurant industry is consistency. So anytime you go to a CaliBurger anywhere you know that the patty will be cooked exactly the same," said John Miller, CEO of Cali Group, the company that runs the chain.

The robot was developed by a subsidiary called Miso Robotics.

So how does it work? Before Flippy can get started, it needs a little human help. A co-worker puts raw patties on the grill.

"The kitchen of the future will always have people in it, but we see that kitchen as having people and robots," said David Zito, co-founder and chief executive officer of Miso Robotics.

Flippy uses thermal imaging, 3D and camera vision to sense when to flip - and when to remove.

"It detects the temperature of the patty, the size of the patty and the temperature of the grill surface," explained Zito.

The device also learns through artificial intelligence - basically, the more burgers that Flippy flips, the smarter it gets. Right now, cheese and toppings are added by a co-worker.

In addition to consistency and safety, CaliBurger says the robot can cut down on costs.

"It's not a fun job - it’s hot, it’s greasy, it’s dirty," said Miller about the grill cook position.

Less turnover means less time training new grill cooks.

"This technology is not about replacing jobs - we see Flippy as that third hand," said Zito.

So how was my "bionic" burger? It was cooked just right and if you didn't tell me, I wouldn't know a robot was the chef.

Miso Robotics says Flippy costs about $60,000 minimum. CaliBurger is using Flippy in its Pasadena store starting Monday with plans to expand the use of it at other locations soon.

Now watch: See Flippy cook a burger from start to finish.