Sunday, May 15, 2016

Wendy's To Deploy Labor-Saving Technology

News
The value of unskilled labor, a pool that includes foreign workers by the increasing presence of Internet sales and commerce, will be determined by supply and demand. If the price of labor is fixed or pegged above or below its fair market value will produce an abundance and shortage of labor, respectively. In other words, business will adapt by either laying off workers or replacing them with automation if the price is too high, or adding workers or reducing expensive automation if the price is too low. While most Americans would laugh at communist Russia for 'price fixing' markets, they can't see similar foolishness in the national minimum wage debate, #MinimumWage Debate, A Discussion About Communistic Price Fixing

Replacement of minimum wage workers through automation is more about self-preservation than greed of capitalism.

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Headline: Wendy’s Serves Up Big Kiosk Expansion As Wage Hikes Hit Fast Food

Wendy’s (WEN) said that self-service ordering kiosks will be made available across its 6,000-plus restaurants in the second half of the year as minimum wage hikes and a tight labor market push up wages.

It will be up to franchisees whether to deploy the labor-saving technology, but Wendy’s President Todd Penegor did note that some franchise locations have been raising prices to offset wage hikes.


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