As Governments continue the socialist redistributionist policies that the SEIU and its mob-advocates have been screaming over, that $15/hr minimum wage is going to have consequences:
After looking at those prices it is clear that I’m not going to frequent the fast food places (and those with families, much less). Why bother – some of those prices reach up to the fast casual level or higher. Tell me – would step up a “class” of restaurant? After all, the higher the price on the menu, the less of a component labor is. so I’m betting on price compression in the near future.
Of course, the other one is more robots and automation, so not as many $15/hr employees.
(H/T: Daily Signal)
