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Old 03-19-2016, 02:54 PM  
Barry-xlovecam
It's 42
 
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Join Date: Jun 2010
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The Machines are going to win

Carl's Jr CEO - Try A $15 Minimum Wage And See Those Jobs Get Automated Out Of Existence - Forbes

Carl's Jr is a hamburger chain based in Southern California

Quote:
The importance being that some 50% of the people who get the minimum wage are in this fast food and casual dining business. And about 50% of the people in that business get the minimum wage. Thus the impact of a higher minimum wage is going to be felt here: and if the sector can be largely, or even only partially, automated then a significant rise in labour costs is going to lead to a significant fall in the amount of labour employed.
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