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OldTrader, you’re seeing fewer checkout clerks at the cash-registers of supermarkets but someone is maintaining those inventory files of current items and prices, servicing, repairing, programming and updating the programs for what’s now a vast network of supermarket computer infrastructure.
The story will be similar for the fast food industry.
Just think, a fast food restaurant with one person feeding the hoppers with ingredients. One person to keep the restaurant clean. On person to hand out the food as it comes out of the automatic machines. The updating programs, etc., is not done at the individual restaurant, it will be be sent to them on a disk, and takes the manager almost no time to update the program. It can even be done over the Internet. I have a niece that owns a number of McDonald's restaurants in a busy area of the country. I have discussed this with her, and she says they estimate they can reduce help by 90% in a short time.
Just look at BMW and Tesla automobile factories, to see how far it has already come and the president of Tesla at a recent speech says that they can on the next changeover, completely automate so it does not require one person to build a car. Only a couple of mechanics to take care of problems. Look at it now.
Just think how many jobs will be phased out over the next 5 years, if not all of them.
This is what is happening, as it puts more pressure on the companies they just automate out jobs, and up production doing it.
Automation, and forcing companies to open in other countries is what happens when pressure is put on the companies.
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What are the salaries of Top Management in that Restaurant Chain? In Millions of Dollars !!! And every year it goes on increasing while blaming Minimum wage workers for the losses.
Those individual restaurants are nearly all owned by local people who have a franchise to operate the business. Those owners are not making millions of dollars. In fact it often takes 3 or more restaurants under one owner to put them into the solid middle class. Those are the ones that get hurt, when wages are suddenly increased by law, and price raises required to stay in business, cause the volume of business to slow down, and if they are not careful the owners will be operating the restaurant for minimum wages for themselves.
The proposal i this thread, will just cut the number of jobs in this country, increase the cost of living for Americans and not produce the jobs you may think. When that type of thing was done years ago, it was holding back the country. It was only after they opened up markets, that the employment soared.
Just think, a fast food restaurant with one person feeding the hoppers with ingredients. One person to keep the restaurant clean. On person to hand out the food as it comes out of the automatic machines. The updating programs, etc., is not done at the individual restaurant, it will be be sent to them on a disk, and takes the manager almost no time to update the program. It can even be done over the Internet. I have a niece that owns a number of McDonald's restaurants in a busy area of the country. I have discussed this with her, and she says they estimate they can reduce help by 90% in a short time.
Just look at BMW and Tesla automobile factories, to see how far it has already come and the president of Tesla at a recent speech says that they can on the next changeover, completely automate so it does not require one person to build a car. Only a couple of mechanics to take care of problems. Look at it now.
Then BMW in the USA is even more automated.
Just think how many jobs will be phased out over the next 5 years, if not all of them.
This is what is happening, as it puts more pressure on the companies they just automate out jobs, and up production doing it.
Automation, and forcing companies to open in other countries is what happens when pressure is put on the companies.
Those individual restaurants are nearly all owned by local people who have a franchise to operate the business. Those owners are not making millions of dollars. In fact it often takes 3 or more restaurants under one owner to put them into the solid middle class. Those are the ones that get hurt, when wages are suddenly increased by law, and price raises required to stay in business, cause the volume of business to slow down, and if they are not careful the owners will be operating the restaurant for minimum wages for themselves.
The proposal i this thread, will just cut the number of jobs in this country, increase the cost of living for Americans and not produce the jobs you may think. When that type of thing was done years ago, it was holding back the country. It was only after they opened up markets, that the employment soared.
Oldtrader, sufficiently lesser wage rates can prevent or delay investing for automation. That’s characteristic of the world’s poorest national economies. I’m aware of automation’s lesser per-unit production costs benefits to our nation and I’m unaware of any automation’s net detriment to our nation.
To the extent that our lesser federal minimum wage rate is detrimental to our nation’s wage rates and thus also contributes to delaying or otherwise hindering automation in the USA, that lesser federal minimum wage rate has additionally been net detrimental to our nation’s economic and social wellbeing.
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Federal minimum wage rate’s effects upon the fast-food industry:
The federal minimum wage rate is applicable to the entire nation. Fast-food restaurants are at no competitive disadvantage due to the federal minimum wage rate.
Due to the minimum wage rate, those earning the lowest wage rates benefit more and those earning higher rates benefit less; but All USA wage rates to some extent benefit due to minimum rate.
The majority of fast-food customers are members of families primarily dependent upon USA wage rates and the majority of those customers are dependent upon lower wage rate jobs. Reduction of USA’s employees and their families purchasing powers is particularly detrimental to the sales volumes of enterprises such as fast-food restaurants.
Note that among restaurants, fast-food restaurants particular benefit from automating. The federal minimum wage is of no competitive disadvantage to them and due to economies of scale, they’re reduction of per unit costs due to automation exceeds their additional per employee costs due to the minimum wage rate; (otherwise it wouldn't be financially feasible to automate).
Moderator cut: .
Last edited by toosie; 10-21-2016 at 06:51 PM..
Reason: TOS - as DM said - no signature lines
Note that among restaurants, fast-food restaurants particular benefit from automating. The federal minimum wage is of no competitive disadvantage to them and due to economies of scale, they’re reduction of per unit costs due to automation exceeds their additional per employee costs due to the minimum wage rate; (otherwise it wouldn't be financially feasible to automate).
At current minimum wage rate, it takes one year to pay for the automated hamburger machine. But raise the minimum wage close to double, and it pays off in 6 months. Then it really becomes feasible.
Pizza Hut has developed the automatic pizza making machine. They have just opened one to fine tune it in the Silicon Valley. They did this in reaction to the new California Minimum Wage. They will have them in all those restaurants in areas of the country that take big wage jumps in a short period of time, followed by the rest of the country.
At current minimum wage rate, it takes one year to pay for the automated hamburger machine. But raise the minimum wage close to double, and it pays off in 6 months. Then it really becomes feasible.
Pizza Hut has developed the automatic pizza making machine. They have just opened one to fine tune it in the Silicon Valley. They did this in reaction to the new California Minimum Wage. They will have them in all those restaurants in areas of the country that take big wage jumps in a short period of time, followed by the rest of the country.
Automation:
OldTrader, the opportunities of improving enterprises’ conditions are to a great extent dependent upon updating their facilities, equipment, and personnel., (i.e. their access to additional cash and credit). If an enterprise’s sales volumes and there’s no reasonable prospects for improvement, or if enterprises’ lack access to the additional cash and credit required for such improvements as automation, those enterprises are not sustainable.
People and enterprises that otherwise have all of the other attributes necessary to succeed, are likely to fail if they lack access to sufficient capital. “The wealthier become wealthier while the poor have more children”. It has always been so; that’s not something new due to technological advancements; that’s not due to faults entirely attributable to automation.
Automation reduces per-unit costs and/or improves quality of products. Technological advancement has never been net detrimental to USA’s economy.
Last edited by toosie; 10-23-2016 at 03:25 AM..
Reason: Deleted signature - do not use signatures
Under the new law, income made by American companies’ overseas subsidiaries will face United States taxes that are half the rate applied to their domestic income, 10.5 percent compared with the new top corporate rate of 21 percent.
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