Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
There will be plenty of time for affected workers to retool themselves for longer lasting segments of the economy.
Historically that has been true, but the rate of change, and general nature of other automation makes this different. Additionally fast food represents over 3% of our employed population, not exactly insignificant.
Tellers also were not insignificant. They survived with new jobs, as most teller jobs went away.
Ah, no, they became unemployed. Teller jobs were also looked upon as a way to get into the banking business, many aspiring bankers started out working as tellers part time.
There is no upward mobility path for a McWorker. That is why there is such a push for the so called practical or living wage to inflate the wages for McWorkers who are eventually going to be replaced with a modern vending machine.
This was predicted by the proponents of the living wage who said it wouldn't happen.
Wow. you have missed the existing technology thats been demonstrated repeatedly, that adds extra mayo, sans pickles, etc. Heck they even vary the cook times, burger thickness everything.
The cost/ benefit is not there, yet.
Then there's the whole "who will buy the cars once they are completely assembled by robots and the humans are laid off" thing.
Tellers also were not insignificant. They survived with new jobs, as most teller jobs went away.
The typical teller had a high school degree and was courteous, fast and accurate, the same skill set retailers find desirable. Instead of white collar, middle class earnings with benefits, retail hires part timers for scheduling purposes and to avoid OT.
The teller's sister was a secretary in the same bank, another middle class job with benefits, back in the day before voice mail, DIY word processing, email and texting. She was married to Joe the telephone repair guy who installed land lines and phones. His brother was a typesetter for the local newspaper.
The point here is that it once was possible for the masses with a high school diploma to have reasonably modest middle class lifes. They were not considered low income earners. They paid taxes. They were not shamed or ashamed.
No wonder you have the mentality that you do. You have zero concept of business. I get it now!
What mentality? What zero concept of business? I know that if you own certain equipment for your business, it's yours(or rather for your business). Why lease it to yourself when you can lease it to someone else or get a tax break for it?
Historically that has been true, but the rate of change, and general nature of other automation makes this different.
It's different only in your fantasy world, not in reality. It's an Economics-thing...you wouldn't understand.
Quote:
Originally Posted by greywar
Additionally fast food represents over 3% of our employed population, not exactly insignificant.
Yeah, so?
Quote:
Originally Posted by Opin_Yunated
No, don't misrepresent my claim.
Depending on the type of business, labor can make up a large or small fraction of expenses. Either way, it is still a fraction of expenses at best.
Quote:
Originally Posted by Mircea
How Food and Labor Costs are Calculated Food and labor costs are calculated as a percentage of the total volume of sales. If a restaurant does $20,000 per week and the total cost of food and beverages is $7,000 for that week, then the food cost is considered 35 percent. If, at the same restaurant, labor (including payroll taxes and benefits) equal $5,000 for the week, then the labor cost is 25 percent. Total prime costs are 60 percent in this example.
Do you both drink out of the same cup or something?
3% is insignificant.
Again, this is an Economics-thing.
The Laws of Economics are real, in spite of your claims to the contrary, but then you don't believe there are 1,539 separate economies even though your own government says so, and you don't believe there are more than 800 Skill-sets (for different jobs) even though your own government says so (and has gone to great lengths to classify and categorize them).
And you also don't believe there are single Americans whose annual income is $9,101 --- $4.55/hour @ 40 hours per week or $7.25/hour @ 26 hours per week --- and they don't qualify for HUD Section 8 because their income is too much, who are subsidizing single Americans who have an annual income of $53,490 --- $26.75/hour -- whose rent is paid by the tax-payers under HUD Section 8.
Is Fast-Food a good use of Capital?
One of the many things that the Laws of Economics do is ensure that all Capital is used as efficiently and effectively as possible.
Labor is Capital.
Is the Labor in Fast-Food being used effectively or efficiently?
What about the Land that these Fast-Food "restaurants" (snicker) occupy?
Did it ever possibly occur to you, that the entire scheme of Fast-Food --- and I'm talking about everything from the farms to the oil refineries involved -- are not being effectively or efficiently used?
In terms of food, the entire production of fast food is wasteful, and is in part responsible for causing higher food prices than normal on the Curve.
Now you have something new to misrepresent....
Mircea
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
