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.