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US startup Formic will rent you a robot for less than a person’s minimum wage

US startup Formic will rent you a robot for less than a person’s minimum wage

The popular press has been saying ‘the robots are coming’ for a while now. Have they now started to arrive?

Formic is a US-based startup who have created a leasing model for robots where the off-putting upfront costs are eliminated and you simply ‘hire’ their robots for an hourly fee of $8/hr – below the US minimum wage of $15 an hour.

There’s a good writeup you can read at Wired.com, and lots of useful info on Formic’s own website.

Cover image courtesy of wired.com

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Responses

  1. Clever to rent them out first, gets the ball rolling and eases the humans into acceptance. Next steps will be easier!
    Not long now, there’ll be armies of them doing the repetitive jobs!