I mentioned & linked to this interview in my post for today: https://emergingmarketskeptic.substack.com/p/em-fund-stock-picks-commentary-may-4-2025 I live in Kuala Lumpur and had the pan mee noodles I like at a simple non-halal restaurant with a variety of food that I often eat at in a nearby mall. The (I assume) halal restaurant next door (seems to be part of a local noodle chain) which I only have eaten at a couple of times would make you horse around by first looking at and ordering from the menu by QR code and then have a robot deliver your tray of food. Then you have to hunt for someone to pay at the cash register with cash vs. using a phone to pay (I think the robot)... Needless to say, I have never seen that many people in it (despite I assume being halal meaning Muslims can eat there), I hate messing with QR codes / robots & the food is not particularly great for the price (albeit still cheap by American standards) - something I have noticed with other places here that do the QR menu code thing...
The non-halal restaurant next door that I prefer is often busy, the food is always good, the I assume owner will sometimes be sitting there having tea w/ friends in the afternoon, and has servers from Myanmar (as there is a labor shortage here but its still hard and expensive to legally hire guest workers).
GUESS WHAT? Today I noticed the chain restaurant next door now has menus on the tables and I guess Myanmar servers - no sign of the robot (unless they only bring it out during less crowded weekdays to save on labor costs) - maybe it was made in China and already broke... 😆
My Dad and I also had to go up to Sacramento a couple of years ago and we went to a Thai restaurant for lunch that had QR codes - my dad had no idea what they were for... Needless to say, I quickly got the Cambodian-American owner to give us a printed menu which he was more than happy to do. I think it was just a printout - but I don't need a fancy menu with pics... Otherwise, we would have left as there were lots of other places to eat nearby and that's what EVERYONE NEEDS TO DO E.G. DON'T GIVE ALL YOUR BUSINESS TO PLACES THAT COMPLETELY REPLACE HUMANS WITH AUTOMATION ETC!
nobody ever talks about what happens to the average prson when they no longer need any of us. No wonder the elite talk so much about overpopulation . Idoes not reduce the price of goods. I work for a tier one suupplier to the aut makers. I have seen the auto industry go from manual to almost completely automated . A plant that had 8000 - to 10 000 employees in the 1980's makes the same ammount of cars today with 1500 employees and lots of robots.
Has that made cars cheaper? offshoring savings are not passed on either. The cheaper labor just means better margins for the corps and their Bankers.
could this be the reason for all the gain of function research?
summary of this guy's thoughts: lets replace every worker and employee with AI and atonamus vehicles and everything eill really be cool.
I mentioned & linked to this interview in my post for today: https://emergingmarketskeptic.substack.com/p/em-fund-stock-picks-commentary-may-4-2025 I live in Kuala Lumpur and had the pan mee noodles I like at a simple non-halal restaurant with a variety of food that I often eat at in a nearby mall. The (I assume) halal restaurant next door (seems to be part of a local noodle chain) which I only have eaten at a couple of times would make you horse around by first looking at and ordering from the menu by QR code and then have a robot deliver your tray of food. Then you have to hunt for someone to pay at the cash register with cash vs. using a phone to pay (I think the robot)... Needless to say, I have never seen that many people in it (despite I assume being halal meaning Muslims can eat there), I hate messing with QR codes / robots & the food is not particularly great for the price (albeit still cheap by American standards) - something I have noticed with other places here that do the QR menu code thing...
The non-halal restaurant next door that I prefer is often busy, the food is always good, the I assume owner will sometimes be sitting there having tea w/ friends in the afternoon, and has servers from Myanmar (as there is a labor shortage here but its still hard and expensive to legally hire guest workers).
GUESS WHAT? Today I noticed the chain restaurant next door now has menus on the tables and I guess Myanmar servers - no sign of the robot (unless they only bring it out during less crowded weekdays to save on labor costs) - maybe it was made in China and already broke... 😆
My Dad and I also had to go up to Sacramento a couple of years ago and we went to a Thai restaurant for lunch that had QR codes - my dad had no idea what they were for... Needless to say, I quickly got the Cambodian-American owner to give us a printed menu which he was more than happy to do. I think it was just a printout - but I don't need a fancy menu with pics... Otherwise, we would have left as there were lots of other places to eat nearby and that's what EVERYONE NEEDS TO DO E.G. DON'T GIVE ALL YOUR BUSINESS TO PLACES THAT COMPLETELY REPLACE HUMANS WITH AUTOMATION ETC!
Thank you
I think he is assessing where this is all going. I do not disagree
nobody ever talks about what happens to the average prson when they no longer need any of us. No wonder the elite talk so much about overpopulation . Idoes not reduce the price of goods. I work for a tier one suupplier to the aut makers. I have seen the auto industry go from manual to almost completely automated . A plant that had 8000 - to 10 000 employees in the 1980's makes the same ammount of cars today with 1500 employees and lots of robots.
Has that made cars cheaper? offshoring savings are not passed on either. The cheaper labor just means better margins for the corps and their Bankers.
could this be the reason for all the gain of function research?
I get it but looking at this objectively this is inevitable where it is going.
frightening
We're living in the last chapter of Atlas Shrugged; it won't matter what location you're living in unless you're in Galt's Gulch.
Hawaii cares big time.