Investing General Discussion

Sanrith Descartes · Mar 14, 2022

Hateyou said:
Full automation of jobs is a pipe dream that will never happen. I work in automation and there are just so many things a robot is not good at. Plus you need tons of skilled people to maintain these robots, install them, develop them, etc. and finding even low skilled workers to work on easy shit like conveyors is tough. People (not enough of them anyway) just don’t give a shit and machines get into disrepair quickly.

Automation is a technology multiplier to production. Humans will always be required in some stage or another but automation allows up to make humans more efficient and lets us remove the lowest of the skilled workers who are not costing us way more than they should. Starbucks is about to find this out as they continue to unionize and they find out someone who makes a cup of coffee "deserves" $50 an hour plus benefits. They will find a way to automate those cappuccino makers out of a job.

Hateyou · Mar 14, 2022

Sanrith Descartes said:
Automation is a technology multiplier to production. Humans will always be required in some stage or another but automation allows up to make humans more efficient and lets us remove the lowest of the skilled workers who are not costing us way more than they should. Starbucks is about to find this out as they continue to unionize and they find out someone who makes a cup of coffee "deserves" $50 an hour plus benefits. They will find a way to automate those cappuccino makers out of a job.

Yeah, I understand. Starbucks will automate some of their processes, and each shift will require two or three people instead of six. Remember when McDonald’s said it would fully automate at $15 an hour? Ours is paying higher than that now and you still see people. There are a lot of things that robots can do more efficiently but they’re supplements that allow you to reduce repetitive tasks to reduce workforce. Pick the same size box over and over type shit. The full automation WEF dream is a joke. If it were possible you wouldn’t see Amazon employing over a million people, they’d be the first ones to do it if they could.

Mist · Mar 14, 2022

When you automate shit in the service industry, you're just freeing up workers to spend more time meeting the needs of customers. Customer expectations of service and cleanliness will rise and you'll put those freed up person-hours into customer service. There might be some novelty to a fully-automated restaurant but most people will go places where they can be waited on by attentive staff.

If they don't want the customer-service experience, they will just go through carry-out or delivery apps. I expect ghost-kitchens to expand.

Jysin · Mar 14, 2022

Hateyou I think you are too quickly dismissing the evolving nature of technology. It isn't like McD or anyone else flips a switch and boom, all of the employees are gone. Its more of a case of slowly but surely innovating away the human labor. Some comes quicker than others, but sure enough.. more and more of those jobs will go away over time.

Sanrith Descartes · Mar 14, 2022

Hateyou said:
Yeah, I understand. Starbucks will automate some of their processes, and each shift will require two or three people instead of six. Remember when McDonald’s said it would fully automate at $15 an hour? Ours is paying higher than that now and you still see people. There are a lot of things that robots can do more efficiently but they’re supplements that allow you to reduce repetitive tasks to reduce workforce. Pick the same size box over and over type shit. The full automation WEF dream is a joke. If it were possible you wouldn’t see Amazon employing over a million people, they’d be the first ones to do it if they could.

I am agreeing with you (if it didnt come off that way). Automation allows the reduction of humans and makes the ones you keep more productive. If you had 10 employees making $10/hr and now you have 5 making $15/hr its a net win and you depreciate the cost of the automation and eventually the automation pays for itself.

Sanrith Descartes · Mar 14, 2022

Mist said:
When you automate shit in the service industry, you're just freeing up workers to spend more time meeting the needs of customers. Customer expectations of service and cleanliness will rise and you'll put those freed up person-hours into customer service.

One of the biggest things Chick-fil-A brought about was the host/hostess cleaning tables refilling drinks etc in fast food places. A lot of times its a special needs adult so its a win/win in my book. A McDonalds near my office has a special needs guy as the front end host and he is easily the most likable employee in the place. Probably the most efficient too. Tables are spotless, food gets delivered as soon as the tray is ready to serve and the straw/napkin shit is always full.

Sanrith Descartes · Mar 14, 2022

BABA racing ARKK to zero?

Sanrith Descartes · Mar 14, 2022

AAPL below the 200-DMA in the pre-market. Keep an eye on this. Below the 200 is the long term support line at $149.33 and then its got no technical support left.

Mist · Mar 14, 2022

Sanrith Descartes said:
One of the biggest things Chick-fil-A brought about was the host/hostess cleaning tables refilling drinks etc in fast food places.

Good example. The one Chick-Fil-A in Rhode Island has about 4-5x as many people staffed on shift as your average McDonalds or Wendys. It's a relatively tiny store yet there's 4-6 people at the counter, a couple runners, cleaners and restockers, like 7-8 people in the kitchen and 3 at the drive-thru. Plus there's another 3-4 working the curbside.

If minimal employees and automation was the way to go moving forward, you wouldn't see this kind of thing happening at arguably the highest-rated fast-food franchise.

Hateyou · Mar 14, 2022

Jysin said:
Hateyou I think you are too quickly dismissing the evolving nature of technology. It isn't like McD or anyone else flips a switch and boom, all of the employees are gone. Its more of a case of slowly but surely innovating away the human labor. Some comes quicker than others, but sure enough.. more and more of those jobs will go away over time.

I’m not quickly dismissing it, I’ve just been in the field for over a decade and have seen how difficult it is to automate some specific complicated functions. Even things that don’t seem complicated can be due to variables you don’t think of until you do try to automate it. I fully understand it evolves and comes slowly, we see new technologies coming around every year. More and more things will become automated, I’m 100% in agreement there. However I also recognize that some things won’t be. I’m just dismissing the idea that our world will be 100% automated in the near future, at least in our lifetimes. Maybe AI hits singularity sometime soon and I’m wrong

Zzen · Mar 14, 2022

Sanrith Descartes said:
BABA racing ARKK to zero?

View attachment 403215

Dios mio that 1Y BABA chart. Top left, to bottom right

Sanrith Descartes · Mar 14, 2022

Sanrith Descartes · Mar 14, 2022

And you thought Coronachan was dead and buried, didnt ya...

Mist · Mar 14, 2022

Sanrith Descartes said:

If only there were a way to bundle a bunch of TV content into a single service with a single interface...

Sanrith Descartes · Mar 14, 2022

Mist said:
If only there were a way to bundle a bunch of TV content into a single service with a single interface...

Lol, its called CATV and everyone on the planet complained about being forced to buy shit they didnt want. We finally are getting to ala carte services.

Mist · Mar 14, 2022

Sanrith Descartes said:
Lol, its called CATV and everyone on the planet complained about being forced to buy shit they didnt want. We finally are getting to ala carte services.

thatsthejoke.gif

You still end up with shit you don't want.

I think the model we're moving towards is ultimately worse than what we left behind, but time will tell.

Sanrith Descartes · Mar 14, 2022

Hateyou · Mar 14, 2022

Sanrith Descartes said:
Lol, its called CATV and everyone on the planet complained about being forced to buy shit they didnt want. We finally are getting to ala carte services.

Yeah, no one wanted cable cause you had to pay for all this shit you didn’t want. Now we’re moving right back to that but instead of everyone goes into contracts you’re just directly connected to the company with a subscription. Then they start racking on more bullshit you don’t want. Fucking subs suck. If it wasn’t for wife and kid demanding Netflix I would have nothing.

Sanrith Descartes · Mar 14, 2022

Mist said:
thatsthejoke.gif

You still end up with shit you don't want.

I think the model we're moving towards is ultimately worse than what we left behind, but time will tell.

Im fine with $5 subscriptions. They allow friends/family to buy and share reasonably. $200+ for CATV is/was insane.

Sanrith Descartes · Mar 14, 2022

Sanrith Descartes said:
AAPL below the 200-DMA in the pre-market. Keep an eye on this. Below the 200 is the long term support line at $149.33 and then its got no technical support left.

Healthy bounce about 1% above the long term support level and now almost back above the 200-DMA

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