“Robots by the Hour” – this is the motto of Formic. The company, which is based in Chicago, buys standard robot arms that perform a simple, repetitive job (such as lifting a piece of metal into a press, which then bends the metal into a new shape) and leases them along with its own software. Wired magazine writes: “They’re among a small but growing number of robots finding their way into workplaces on a pay-as-you-go basis.” (Wired, 18 January 2022) Polar is one of the companies trying out the leasing offer. Jose Figueroa, who manages Polar’s production line, says the robot “costs the equivalent of $8 per hour, compared with a minimum wage of $15 per hour for a human employee. Deploying the robot allowed a human worker to do different work, increasing output …” (Wired, 18 January 2022) Formic writes on its website: “We didn’t invent automated systems, but we democratized them. Because technology doesn’t change the world until you make it accessible to those who need it most. Automation is a necessity, not a luxury. And our mission is to continue the American legacy of innovation by making it your reality.” The future will show whether there is a market for leasing robots.
BY OLIVER BENDEL
