Necessity is the mother of invention
Businesses have been finding innovative solutions to labor issues forever. For example, dogs were once bred to cook, according to Popular Science’s podcast, The Weirdest Thing I Learned This Week.
When people relied on fire to roast meat, the spit was an invaluable tool. However, turning a spit for hours wasn’t a popular job, so dogs were bred and trained to turn spits. “The first mention of the turnspit dog…was in 1576…The long story short here is that people bred terrier-like dogs to…fit easily into these treadmills that powered various kitchen aids, but primarily the roasting spit.”
By some accounts, the poor working conditions of turnspit dogs in New York hotels contributed to the founding of the American Society for the Prevention of Cruelty to Animals (ASPCA).
Today, pandemic labor shortages have sparked innovation. Companies that are having difficulty finding workers are adopting technological solutions. For example:
- Modern-day food automats. A vast improvement over food vending machines, some restaurants are using technology to replace servers. Patrons order on a screen and the food is delivered in numbered cubby holes. The kitchen staff is in the back preparing the orders.
- Grab-and-go groceries. People scan an app before they enter a grocery store that has no cashiers. As they shop, cameras and sensors track what they remove from shelves or bins. “…the technology had to be tweaked to account for how people squeeze tomatoes to test for ripeness or rummage through avocados to find just the right one,” reported Joseph Pisani of the Associated Press. (Tip: When shopping in grab-and-go groceries, don’t take items off high shelves for other shoppers – you may be charged if the person you helped leaves the store with the goods.)
- Bricks-and-mortar online shopping. A women’s clothing boutique outfitted its new stores with screens so shoppers may select the clothes they want to try on. Then, the shopper is escorted to a dressing room where the clothes are hanging in a wardrobe. “Another touch screen in the dressing room lets you request even more items and sizes, but instead of awkwardly trying to hail a salesperson in your underwear, you just close the wardrobe, and someone in body-con Narnia adds it through the back,” reported Emilia Petrarca of The Cut.
What’s your favorite pandemic innovation?
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Weekly Focus – Think About It
“Before you become too entranced with gorgeous gadgets and mesmerizing video displays, let me remind you that information is not knowledge, knowledge is not wisdom, and wisdom is not foresight. Each grows out of the other, and we need them all.”
―Arthur C. Clarke, Writer11
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Andrew Zittell is a Registered Representative with and securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Strategic Wealth Advisors Group, LLC a Registered Investment Advisor. Yerba Buena Financial Partners and Strategic Wealth Advisors Group, LLC are separate entities from LPL Financial.
Sources:
https://www.bls.gov/news.release/cpi.nr0.htm
https://www.ft.com/content/e1ebc257-fab7-44d5-988b-4004ca06fb12 (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/06-14-2021_Financial_Times_Understones%20of%20the%20Clash%20.pdf)
https://www.barrons.com/articles/inflation-stock-market-51623448579?refsec=the-trader (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/06-14-2021_Barrons_The%20Inflation%20Scare%20is%20Over.pdf)
https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield
https://www.investopedia.com/terms/i/inflationarypsychology.asp
https://www.popsci.com/science/turnspit-dog-breed-cooking/
https://www.axios.com/dumplings-yes-servers-no-automation-e2c5b739-4b8b-492e-b01e-e5acb712941e.html
https://www.thecut.com/2017/12/new-reformation-bond-street-store.html
https://www.goodreads.com/quotes/tag/technology
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