VegasSlotsOnline reports MGM Could Replace Many Employees with Robots
MGM, one of the major global casino companies, is considering replacing some workers with robots, which will cause some concern for their employees and those in the industry as a whole.
The Las Vegas Culinary Union (LVCU), which represents bartenders, kitchen staff, and wait staff, reached a five-year deal in June 2018 with the MGM.
The agreement guarantees that MGM will not implement any technology that would have a negative impact on employment. However, the news that the MGM is considering replacing some workers with robots could mean that the company is not willing to fulfill this agreement.
Short Synopsis
- MGM is thinking about replacing workers with robot technology in its Las Vegas Strip properties
- Its 2020 plan calls for reducing the workforce by about 2,100 people to save $300 million in the coming years
- Unions and workers will likely react strongly to such a move
- A McKinsey and Company report estimates that by 2030, 800 million jobs will get robot replacements
Why any company would agree to a long-term contract forcing them to not reduce costs is a mystery. The article did not say how MGM could get around the contract.
McKinsey Study
The McKinsey study the article cites is from November of 2017. Thus it’s a bit dated. Nonetheless, please consider Jobs lost, jobs gained: What the future of work will mean for jobs, skills, and wages.
The technology-driven world in which we live is a world filled with promise but also challenges. Cars that drive themselves, machines that read X-rays, and algorithms that respond to customer-service inquiries are all manifestations of powerful new forms of automation. Yet even as these technologies increase productivity and improve our lives, their use will substitute for some work activities humans currently perform—a development that has sparked much public concern.
Automation Potential
We estimate that between 400 million and 800 million individuals could be displaced by automation and need to find new jobs by 2030 around the world, based on our midpoint and earliest (that is, the most rapid) automation adoption scenarios. New jobs will be available, based on our scenarios of future labor demand and the net impact of automation, as described in the next section.
However, people will need to find their way into these jobs. Of the total displaced, 75 million to 375 million may need to switch occupational categories and learn new skills, under our midpoint and earliest automation adoption scenarios; under our trendline adoption scenario, however, this number would be very small—less than 10 million
Potential vs Reality
Potential to displace and actually doing it are two different things. No one knows what the future will hold.
Some things are easy to foresee, however.
Millions on interstate truck driving jobs will vanish early in the cycle, no later than 2024, but I strongly suggest one to two years before that.
Taxi and limo jobs will vanish at the same time or perhaps a year or two later.
The push for $15 will speed up adaptation of robots that cook, tend bars, etc,. We already see more self-checkout lanes and that process will speed up.
Yet, there will be new jobs. There always are. Where? I don’t know.
How many people in 2000 gave much thought to the possibility of self-driving trucks?
The problem is today’s bartenders, truck drivers, and McDonald’s workers will not be able to retain for jobs when we have no idea where those jobs will be.
Boomer Easy Street
Boomers had it easy. I was able to quickly switch into computer programming from a degree in civil engineering. One class, my free elective at the University of Illinois, Advanced PL1 Programming, was all it took.
One does not easily switch careers today based on one college class.
If you hold a useless in degree in humanities, English, etc., you will have skills necessary to work at McDonalds, bartend, be a server, or a teacher.
But those jobs are among those that will vanish.
Mike “Mish” Shedlock
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MGM without workers?? I would not like it, it is the same as playing free online slots at link to slotigri.bg
What a thing!!! hard to believe MGM without machines!
Let’s be true to ourselves. In less than 100 years most of us will be replaced by robots. Let’s suppose that one day all the people in the world will have some kind of minimum wage working or not. I think the problem is not the money. Problem is that people will feel sad without work and tasks. Work is what makes us human beings and man feels satisfied when helps others. I can’t image living in such world.
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There is a big difference between a robot and a vending machine. You can’t really have robots making drinks and tending bar. Bloggers write about this stuff and it reads like they don’t no SH. Sure transportation will change but how is a robot going to make a hotel bed, Cook food and have it taste and look like food. Maybe the human will have to babysit the robot most of the time.
I see. Chess was not supposed to beat the best human player either.
Keep drinking that kool-aid.
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I wonder what jobs will be replaced. There aren’t nearly enough cashiers and bartenders to account for 2,100 jobs. If they replaced maids also, I could see 2,100.
Over the last five years, robots have come a long way and tremendous progress is being made to bring them to the point where they are more than an oddity or futuristic thing of science fiction. With all this in mind I predict that in a year or two a home robot will be the “go to” Christmas gift. The article below explores the massive impact robots are about to unleash upon society.
I take it the law of diminishing return, like the rest of economics, isn’t exactly being taught in our publicly funded indoctrination institutions any longer…..
Well since pigeons can be trained to equal radiologists’ ability to recognize cancer, are we really surprised that robots will be taking a lot of jobs 😉
Anyone remember the Japanese hotel that replaced its employees with robots then switched most back when, surprise surprise, the robots acted robotic. Ever get frustrated at the computerized toilet flushing four times unnecessarily? There you go.
“When you actually use robots you realize there are places where they aren’t needed — or just annoy people.”
Apple Newton MessagePad in 1993 was a failure. But it didn’t stop iPhone from taking over the world. The time will come… and soon.
So millions of Americans need to learn skills, but teaching jobs will vanish? Quality analysis there, Mish.
What about all the blacksmiths, wheelwrights, horse-and-buggy drivers, glass blowers, telephone operators, telegram deliverers, and VHS repairmen?!?!
There you go again. From 0 (or so) self driving trucks to 1 million in under 5 years? Lol.
I find it hard to believe MGM will hold up their end of the “no machines” section. They already see much better profit from their poker machines, blackjack machines and the thousands of slot machines in the casino. If they roll out something I’m certain they’ll already know it will be cheaper to just pay out employees, because they have the experience with the casino floor.
Exactly. Cheaper to get sued.
So does this mean less and smaller govt since millions wont be paying taxes? Or will some of us, like the ones that own a house, get raped to skid row? I see absolutely no good whatsoever out of this but then my future predictions have always been bad anyway. I’m sure it wont take long for democrats to give the robots basic human rights and tax them the same. But since robots will still be favorable you still wont have a job. If millions of trucking jobs will vanish in the early 2020’s there’s no way alternatives are going to pop up that fast as tech is way too fast. Anyone that brings up “get skills” has no idea what they’re talking about as that will only help out in small % of cases. Not to mentions millions of jobs are people that can’t buy anything? How’s that going to work out? Looks like a complete race to the bottom to me.
If millions of anything vanish in a few years, it will on account of something very different than robots.
Know-nothings have been waxing nonseneically about flying cars, teleporters, space travel and AI since the 50s. Yet what has made life hard for working and productive people since then, is simple graft by government, law and financialization.
Not any of the sciifi fantasies above. None of which amount to anything more than yet more imaginary hobgoblins, deployed to divert productive people’s attention away from the only threat they ever have, and ever will, face: Government, and those closest and best connected to it, robbing them blind. Under guise of “law,” “national security,” “social security,” “great society,” “democracy,” “property rights” blah, blah, blah…
Fix the government problem, as in fix it once and for all, final solution style, and productive people will be just fine. “Robots” ain’t what is stealing and mandating away their salaries, nor saddling potential employers with costs making it prohibitive to pay anyone at all a decent wage.
Dude it’s no longer a fantasy there being built.
I’ll take a teleporter, then. How many can I get for $50? What about HALs? And one of those robocars that safely drive Barron Trump around the shadier sides of DC or Caracas..
In the meantime, serious people are busy trying to get their visual pattern recognition software, to reliably beat a captcha asking “Are You a Robot?” Once that is done, on to the next challenge: “Are you still a robot, You sly you?” Keep at it long enough, and eventually, we’ll get to recognizing an empty highway. Then perhaps one with a 10 foot deep pothole covered with leaves…..
And so on, and so on… Until one day, young (or not so anymore) Asimo may sit for his real world driving exam: Get Barron Trump safely, or at least safer than the best human, home safe; when the car he’s riding in is being engaged in a running gunbattle through downtown Manhattan…
Until that day, The Donald will continue to rely on human drivers. As will everyone else. At least those who are still allowed to.