In the fantasy world of Grandma Clinton, the Socialist and economically illiterate, like #BabyTrump, wage increases have no impact on labor demand or product prices. Back in the real world.
Wendy’s (WEN) said that self-service ordering kiosks will be made available across its 6,000-plus restaurants in the second half of the year as minimum wage hikes and a tight labor market push up wages.
It will be up to franchisees whether to deploy the labor-saving technology, but Wendy’s President Todd Penegor did note that some franchise locations have been raising prices to offset wage hikes.
But what do I care? I don't eat much fast food. Food is a smaller portion of my budget than the average consumer and my children are more likely to be hired versus the less fortunate for the fewer minimum wage jobs available.
Bill
No comments:
Post a Comment