This would be the same fast-food industry that wants to replace drive-through workers with AI, right?
Can’t forget those shareholders! It really worries me what things are going to look like in 30-50 years time. There’s only so much you can squeeze out of people until there’s nothing left.
After DECADES of seeing Prices Stagnate I’m FINALLY starting to see them Increase! It’s been LITERALLY DECADES with them NOT going up at ALL! But NOW they FINALLY are because of this Minimum Wage Law!
As I recall prices have been going up for a long time. Nationally I believe all fast food chains have increased prices way beyond the rate of inflation for the past 12 years.
This is what happens when you try to extract more and more value off the top of labor, without any added value other than line must go up. When suppressing wages is the only way to improve corporate profits, profits are capped and stockholders hate this. This is in theory suppose to encourage innovation to increase efficency (without just resorting to skeleton crews or pressuring labor for more output). Monopolies stop innovating due to market control and look at other methods of increasing profits with leverage rather than market competitiveness.
It’s true the biggest issue with capitalism is that it’s ‘not ok’ for that line to go down, ever. It’s ridiculous. A healthy business can ride things out up and down over time if they have good policies and smart planning. Prioritizing shareholders above all is a shell game.
Exploitation is baked in, without it capitalists have nothing
