Fmr. McDonald’s USA CEO: $35K Robots Cheaper Than Hiring at $15 Per Hour
May 27, 2016 6 Comments
Well, of course, it is. That’s simple common sense, and government can try, but the market wins every time. Look I wrote about this a bit over two years ago, here, and if anything has changed, it’s not for the better.
Here’s the takeaway quote for you:
“I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry — it’s cheaper to buy a $35,000 robotic arm than it is to hire an employee who’s inefficient making $15 an hour bagging French fries — it’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe,” said former McDonald’s (MCD) USA CEO Ed Rensi during an interview on the FOX Business Network’s Mornings with Maria.
He also said this, which is also true, although in truth we’d be better off if we simply left it to the market.
“I think we ought to have a multi-faceted wage program in this country. If you’re a high school kid, you ought to have a student wage. If you’re an entry level worker you ought to have a separate wage. The states ought to manage this because they know more [about] what’s going on the ground than anybody in Washington D.C.,” he said.
Here’s the link along with the warning that it’s got an autoplay video on it. It’s a good video, though.
Look none of this is rocket science done with a slide rule, it’s simple common sense. I realize that politicians with common sense are an endangered species, but this will harm those who are already hurting the most, especially our minorities. Strange, I’m a conservative white guy, how come I care more about those young black guys than all the liberal Democrats (and Bernie Sanders) put together?