Formic Leased a Robotic Worker to Polar Manufacturing for an Hourly Wage
Colin Smith — January 19, 2022 — Autos
'Polar Manufacturing,' the Chicago-based metalworking company, has leased a simple robotic worker from the automation company 'Formic.' This robot performs a simple task at Polar Manufacturing where it presses metal slabs into a new shape using a press.
This robot did not replace any jobs at Polar Manufacturing, though, as the factory simply re-allocated its human workers to more important jobs while saving them time on monotonous tasks. On top of this, Polar Manufacturing only pays this robot a wage of $8 per hour, which of course goes to Formic. However, this $8 hourly wage is nearly half of the $15 minimum wage at Polar, meaning this task is now being performed all day for a fraction of the cost of a human worker. Lastly, Polar Manufacturing has stated that it is a fan of leasing the robotic worker because it means Polar did not have to spend tens of thousands of dollars buying and programming its own robot.
Image Credit: Formic
This robot did not replace any jobs at Polar Manufacturing, though, as the factory simply re-allocated its human workers to more important jobs while saving them time on monotonous tasks. On top of this, Polar Manufacturing only pays this robot a wage of $8 per hour, which of course goes to Formic. However, this $8 hourly wage is nearly half of the $15 minimum wage at Polar, meaning this task is now being performed all day for a fraction of the cost of a human worker. Lastly, Polar Manufacturing has stated that it is a fan of leasing the robotic worker because it means Polar did not have to spend tens of thousands of dollars buying and programming its own robot.
Image Credit: Formic
Trend Themes
1. Hourly Paid Robot Workers - Robots being leased as employees for hourly wages highlights a trend towards automation in the workforce.
2. Cost-saving Automation Solutions - Automation solutions such as leasing robots are disrupting traditional labor practices and providing cost savings to companies.
3. Low-cost Automated Manufacturing - Robots performing simple tasks at a fraction of the cost of human workers are disrupting the traditional model of labor in manufacturing.
Industry Implications
1. Manufacturing - Manufacturing companies are using robotic workers to improve efficiency, cut labor costs, and perform monotonous tasks.
2. Automation - The automation industry is providing innovative solutions, such as leasing robots, designed to reduce labor costs and streamline processes for businesses.
3. Robotics - The robotics industry is transforming the labor force by offering affordable and cost-saving automation solutions for businesses.
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