Tag: minimum wage
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California $20 minimum wage eliminating jobs before it takes effect
The California minimum wage for fast food employees is stlet to jump to $20 per hour in April. Two Pizza Hut franchisees are cutting all their delivery driver jobs as a result. How many jobs will be lost once it takes full effect? How high will prices have to rise? Never buy fast food in…
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Automated drive-thru bot will eventually eliminate thousands of jobs
Michael Cato, the COO of a Hardee’s Franchise in Maryland, says AI-driven drive-thru technology will not be replacing any crew members in their franchise. Here’s the quote, “We have no intention of cutting labor.” When listening to his interview in the Wall Street Journal, he says the technology will help because they are short-staffed. Automated…
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Krispy Kreme to save $2 million a year reducing manual labor
$15 per hour is a great wage if there will be an entry level job open to pay it. Just wait until this automation catches up with all those Starbucks employees joining labor unions. Machines don’t sleep, don’t complain, don’t need healthcare, don’t show up late, and rarely make mistakes. The “fight for fifteen” will…
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Higher wages… less purchasing power. The Biden inflation legacy
I doubt the $15 minimum wage promoters will understand that you can get paid more but make less in the end. I’m sure the Biden administration will print up more money to pass out. That’ll solve the problem. Real (after inflation) average hourly earnings have declined for seven consecutive months (overall 2%) and nine of…
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Inflation starting to look a little sticky
I’m starting to lean towards the notion that this will not be a transitory inflationary period. If a federal $15 minimum wage comes to pass combined with further climate change regulations there is nowhere for costs to go except up. “In an environment where inflation continues to rise quarter after quarter after quarter, there are…
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Technology rapidly replacing restaurant staff
Just say no to hiring. Competing against the federal government in hourly pay is a no win situation. Private business can’t compete against an entity that doesn’t have to turn a profit and has the ability to print money at will. High end restaurants might still need a wait staff but places like Cracker Barrel,…