Re: In this respect it is the perfect poster-boy for Free Market Capitalism
"Wall Street hails the likes of McDonalds for trying to replace serving staff with machines."
Not for long. Low value franchise manual labour like this isn't going to be replaced quickly - and here's why: Franchisees cut corners.
Back in the 1980s that resulted in cooking times at several London McDs being shaved down by the franchise holders. Which in turn resulted in a number of cases of serious food poisoning (McD's calculated cooking times are to the second and take account of things like killing bacteria). In the end, after a number of very expensive settlements McDs had to step in and buy out the franchisees.
The introduction of food handling robots and staff reduction will lead to corner cutting in maintenance - the reason for this is that "idle" staff are actually cleaning and those robots will need cleaning throughout the day to stay hygienic (the cooking tools at McDs are cleaned almost continuously).
Robot-infested kitchens in the typical franchisee establishment will likely result in roach infestations due to inadequate site cleaning, followed by outbreaks of food poisoning from cross contamination of cooked/uncooked burgers coupled with inadequate cleaning cycles.
The rate of return on robots doing low value manual work makes them a non-starter for most jobs, unless there's a significant risk of payouts for worker injuries involved (eg, care home staff - where this and a critical shortage of staff has resulted in a lot of R&D into lifting exoskeletons, etc - but that hasn't actually filtered through to the UK yet).
The low hanging fruit for automation is and continues to be areas where mechanical (wo)men aren't needed - which has been going on for the last 40 years. When was the last time you saw an accounts ledger clerk, etc? What's changing now is that more "intelligent" functions are being taken over, leaving the "supervisor" to sign off or do the fiddly bits on a machine's work instead of stuff done by a meatsack.
There are going to be roving gangs of unemployed conveyancing lawyers, estate agents, accountants and day traders long before you see hordes of unemployed nurses and carers - which poses a real problem for those people who leave university carrying £100k debts and can only find minimum wage jobs.
Robots will take over driving because there's a benefit in doing so - humans are lousy, easily distracted drivers. Likewise when operating heavy machinery, etc and they're already taking over farming jobs simply because it's impossible to recruit enough people stupid enough to want to do backbreaking work at shitty pay rates. In other occupations they'll take a while to dominate.