How can you have more than 100% turnover?

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This is the first line in an article about the fast food industry: “With the fast-food industry facing 150% annual turnover rates, brands are turning to Miso’s AI-powered kitchen robot, Flippy, to help increase profits…” How can you have more than 100% turnover? Thank you.

In: Economics

23 Answers

Anonymous 0 Comments

This has been used to try and sell chef-bots for years, mostly getting a “meh” reaction from the restaurant/fast food industry (who are deeply averse to capital investment in new technologies). That doesn’t mean that they won’t push ahead in future but some of the attempts have been comical at best, and a mega-brand (McDonalds etc.) would have to roll it out for it to catch on.

TL;DR a low-pay, replaceable guy with a spatula > expensive, maintenance-heavy technology.

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