WENDY’S GOES TO SELF-SERVE KIOSKS AS WAGE INCREASES KICK IN

WENDY’S GOES TO SELF-SERVE KIOSKS AS WAGE INCREASES KICK IN

As anyone who has a smattering of economics education could have told you, when government,┬árather than the marketplace, determines wages and prices the end result is always economic disaster. Thousands of employees in the fast-food business, and other businesses will be replaced by technology, eliminating those jobs. The government can’t arbitrarily and artificially set wages and not expect that there will be adverse consequences. The increase in the minimum wage which will cost billions of dollars to businesses was the catalyst necessary for businesses to decide to spend money on technology to figure out how to replace expensive employees. The end result of an increase in the minimum wage: fewer jobs. Something that Republicans and economists have been saying all along.
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