Comment by si1entstill
7 hours ago
I'm not sure.
I think house cleaning/chores require at least a "part-time" job's work of work for the average household (especially with children). We may be atypical, but my partner and I don't want to hire out a cleaning service and deal with the whole human component. But, I think we'd gladly pay 15k+ if it allowed us to take on the additional gainful workload. Even at a 20k price tag, I suspect we would likely have made up the difference in under a year.
If you can even afford 20K you're in the top 10% of the US population. It's not a very big market, and even selling to that market is hard. Probably only 10% of that 10% will actually buy, and all of a sudden you're selling to 1%.
Selling to businesses is much easier, 99% of businesses can afford 200K if it replaces 3 x 70K humans.
Your napkin math only shows that the market is identical. There's about 35m businesses operating in the US. So by selling to 10% of those you sell the exact same number of robots...
The difference is that some of those businesses might buy a lot more than just one robot. As many as they currently have employees doing robot work for a human salary.
People in the US buy cars.
Can a household robot provide as much utility as a car? If "yes", the market gets pretty big.
How does it compare to hiring a human?
I pay $200 every 2 weeks to have a 3000 sq ft house cleaned.
That's about $5200 a year to fully clean a house. And it's a human, so they can also tidy up, clean out the refrigerator, do my laundry, water my plants, etc.
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Not really. The car is a non-negotiable, like food, unless you live in Boston/NYC/SF or something. The robot is not.
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You don't even "need" to clean your house (yes, yes, I know). You do need to drive to work.
Actually the high income households are becoming a greater and greater share of spending, referred to as the "K shaped" economy. For example, the top quintile of households accounts for about 40% of all consumer spending.
Most people finance vehicles that cost much more than 20K.
I'd gladly pay or finance a robot that could have dishes clean, laundry folded, and carpets vacuumed by the time our family got home.
I don't think a cleaning robot and a vehicle are in the same category, as vehicles are more a necessity (at the very least to get to and from your jobs, to buy groceries, etc) and a cleaning robot is squarely a luxury.
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> We may be atypical, but my partner and I don't want to hire out a cleaning service and deal with the whole human component
I kind of understand where the feeling comes from, but this also saddens me. What happened to our generation? We're scared of people.