04 Dec '15 18:20>
Originally posted by googlefudgeThat all depends on the human being. In China (although increasingly less so) and most third world nations, human labour is pennies per hour and is cheaper than electricity. I know that in Zambia for example, labour is often cheaper than mechanization, but it is a close call and when minimum wages are put up some people mechanise. When the cost of electricity rises, some people go back to labour.
The problem is, that a robot running on electricity is only costing you pennies per hour
rather than pounds per hour for a human being.
My point was that if over mechanisation takes place you will have many people out of work who will then be willing to work for less until they are willing to work for less than pennies per hour and thus beat electricity. Unless you have social welfare I suppose - something I am suggesting is one solution to the problem.
Also as I mentioned earlier a drop in the cost of electricity would dramatically accelerate mechanization as it would change the equation.