We didn’t need a PhD in economics to realize that a hike in minimum wage would have a negative effect on jobs. Democrats, however, are in desperate need of votes and they think that raising the minimum wage to $15 an hour will result in more wins at the polls.
While liberals may see limited support from snowflakes basking in the success of a $15 minimum wage, other workers will be wondering what happened to their jobs.
Take McDonald’s for example. In business, it’s the bottom line that makes all the difference. Companies are in business to make money. So, if they have to pay their employees more money, they need to get the cash from somewhere. That leaves them with a couple of options.
First, they can raise the price of their product. Although that gives companies more money to pay employees over the short term, it also drives their customers away. And with no customers, employees will be laid off. The business itself, may even fold.
The second option is to replace employees with machines that don’t require a minimum wage. And that’s just what McDonald’s has decided to do. The results are better than expected.
Stock in McDonald’s has just hit an all-time high due to projected profits thanks to automated order-taking kiosks.
Humans are currently being replaced in 2,500 McD’s restaurants across the country. By the end of the year, it is expected that 14,000 locations will operate with automated kiosks. These kiosks can operate 24 hours a day, 7 days a week regardless of how high or low the minimum wage is.
As for those entry-level $15 per hour jobs, well, they won’t be at McDonald’s!
Right Wing News reports:
Be very careful what you wish for, you just might get it. Someone should have told the Fight for 15! crowd about that, now karma is coming to call and it’s a b*tch. McDonald’s just hit an all-time high on the stock market last week. Why? Because they expect sales to increase because they are going to digital ordering kiosks. Yep, robots will replace humans just as predicted. This will take place in 2,500 restaurants across the nation. It will happen in 14,000 locations by the end of this year alone. I suggest those earning minimum wage spruce up their resumes. They are being replaced.