Question: Please read the attached post, and respond to it by providing additional ideas that expand on the topic or ask follow-up questions. Technology like the

Please read the attached post, and respond to it by providing additional ideas that expand on the topic or ask follow-up questions.

Please read the attached post, and respond to it by providing additional

Technology like the Bella Bot robot worker offers restaurants a solution to finding human workers. Though it may hinder capital accumulation with its initial investment cost, the robot workers provide the business with a consistent level of output while maintaining a certain level of quality in service for the customers. Some restaurant owners may find the benefits of having robot workers exceeds those of their human counterparts in the long run. However, a company must consider all accounting costs tied to replacing human capital with technology. Based on the information gathered in the video, the Bella Bot robot worker has an investment cost of $24,000 per robot. That's roughly the annual salary of one minimum wage worker, and this does not account for any employee benefits, payroll taxes, or any other costs incurred when hiring the employee. Suppose business owners are reluctant to the capital needed to invest in the technology. In that case, the robot worker can be rented for $48/day, equivalent to an employee working two hours in Australia. The $48/ day rental rate is roughly five hours for fast food workers in the United States. Though the trade-off is compelling, restaurants must account for maintenance costs and the downtime for a technician to come out and service the machine. Customer perception of robots can vary. Some customers may be ecstatic to see technology has advanced to a level where they serve them at restaurants. Personally, I was impressed to see robots roaming around at Changi airport in Singapore. However, some customers may view it as a future indicator that technology may replace them at work. Future automation can decrease human error and provide more flexibility to workers as they can leave the menial tasks to the robots while they can focus on more impactful tasks. Automation relieves some of the pressure firms face in a labor shortage by replacing human capital with technology. Regarding reliability, firms do not have to worry about technology calling off work, and their output levels are consistent. However, firms can offer incentives to improve worker productivity. Human workers have the flexibility and reliability to adapt to any last-minute changes to work processes. Since there are so many variables to consider and no fixed input, no maximum or fixed level of robots can be used in the short run

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