Retail stores now using robots instead of human workers!

LOS ANGELES, Kalifornia (PNN) - October 29,2 014 - The future of shopping has arrived, and it's not human.

Not only do robots cost less than humans, they don't complain, they speak multiple languages, and most importantly, by scanning aisles they know where every item is in the store and can take you straight to it.

OSHbot is the newest member of the “Fellow Robots” family, and developed in partnership with Lowes Innovation Labs.

Retail Robotics is an exciting and fast growing new market and Fellow Robots is at the forefront. Advances in sensors, wireless networking, voice recognition, and design prototyping are enabling us to build smart retail robots that can autonomously navigate through stores, help communicate with customers to understand what they need, and locate items quickly.

OSHbot incorporates the latest of these advanced technologies.

For example, a customer may bring in a spare part and scan the object using OSHbot’s 3D sensing camera. After scanning and identifying the object, OSHbot will provide product information to the customer and guide him to its location on store shelves.

The robot will come up to you and say in a pleasant tone, "Hello I am OSHBot, your store robot helper. What can I help you with?"

Show OSHbot a screw and OSHbot will scan the item and take you to the exact match, or tell you if it's out of stock. Not even the most knowledgeable human clerk can do that.

Would you rather deal with an associate who may be unfriendly and typically does not know where things are, or OSHbot?

I would take OSHbot 7 days a week. I suspect so would most people; and even if you wouldn't, it's guaranteed to happen anyway.

Robots do not complain, they show up on time, they want to help, they don't ask for overtime, and they do not need medical insurance, Social Security, or pensions.

All of the greeters and helpers at WalMart, Lowes, Home Depot, Target, and retailers in general will give way to Fellow Robots, and that will happen sooner than anyone realizes.

OSHbot, competition, and technology in general are inherently price-deflationary.

With that thought, I suggest that the Fed, central banks, and governments are on a failed mission. They can raise the minimum wage and engage in inflationary policies, but they cannot halt the march of technology and create jobs at the same time.

Every hike in minimum wages or healthcare subsidies is an added incentive for corporations to use hardware and software robots.

Asset bubbles of increasing magnitude over time coupled with rising income inequality is a direct consequence of inept central bank deflation-fighting exercises.

Robots will never replace everyone, just a huge portion of most workers. Furthermore, over time these robots will get smarter and smarter.