Friday, May 27, 2016

Minimum Wage aka Economic Illiteracy

“It’s not just going to be in the fast food business. Franchising is the best business model in the United States. It’s dependent on people that have low job skills that have to grow. Well if you can’t get people a reasonable wage, you’re going to get machines to do the work. It’s just common sense. It’s going to happen whether you like it or not. And the more you push this it’s going to happen faster,” the former McDonalds Chief Executive added.
http://www.zerohedge.com/news/2016-05-25/former-mcdonalds-ceo-crushes-minimum-wage-lie-its-cheaper-buy-robot-hire-15hour

A democratic republic which has taught its kids to be economic illiterates is in for some school of hard knocks learning.

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