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Showing posts from August 4, 2013

Robots Will Never Take Our Jobs...Right?

In recent months, I have noticed an  unprecedented wave of fast food strikes across the nation, including  Chicago ,  St. Louis ,  Detroit ,  Milwaukee , and  Seattle .   In each of these cases, the  workers have demanded a raise to $15 an hour.  Fine.  People are free to want more money.  Obviously, they have their reasons since  84% of NYC fast food workers report "wage theft."   However, this is not a question of desires, but of economics. Before striking, any wise laborer would be aware how much the employer would need to spend to replace the workers.  If the strikers are unwilling to work for less than what it would cost to replace them, they will quickly find themselves out of a job. As these strikes persist,  I'm concerned that businesses will find it more profitable to automate blue collar workplace processes than it would be to employ hirer-minimum-wage workers.  (E.g. Amazon is investing billion...