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- Mar 25, 2011
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My argument is not just the minimum wage. Any in increase in labor costs make automation more attractive to a business owners. Minimum wage is a part of that cost but not the entire argument.
As for what I bolded. You can discount the words of fast food CEOs if you want but they employ millions of workers so their actions will have the biggest impact. The former CEO of McDonalds was a robotics expert. I don't think they hired him for scaremongering.
So do you think McDonalds would have continued to employ real people as automation became cheaper? Would they demand the minimum wage go down despite the cost of living continuing to increase? There is really no way that left untouched, this would be resolved favorably for fast food workers. And the interests of executives and major shareholders will inevitably be at odds with their workers, so we can't take them at face value, like they have workers' best interests at heart.