“…The feasible investment is even more sensitive to the cost of labor: For average labor rate of $12.5 per hour (instead of $25) the value of the robot at 1,500 hours of utilization and 20-25 transfers will be $68,000, and at 500 hours and 5-10 transfers -only $20,000. If the robot can be improved to replace more workers, as envisioned [4,7,9,19], then its economic feasibility will substantially improve, even with low labor rates. According to one detailed report [17] one robot plus 3 workers should be able to perform equally to a team of 8 men.…”