{"id":44723,"date":"2014-06-09T06:20:24","date_gmt":"2014-06-09T11:20:24","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=44723"},"modified":"2014-09-03T13:57:54","modified_gmt":"2014-09-03T18:57:54","slug":"would-you-like-fries-with-your-unemployment-check","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=44723","title":{"rendered":"Would You Like Fries With Your Unemployment Check?"},"content":{"rendered":"

From Zero Hedge, the “unintended” (?) but inevitable consequence of the $15\/hour minimum wage<\/a>:<\/p>\n

With a seemingly endless line of talking-heads willing to\u00a0ignore essentially every study that has been undertaken with regard the effects of raising the minimum-wage<\/a>; and propose what is merely populist vote-getting ‘benefits’ for the ever-increasing not-1% who benefitted from Ben Bernanke’s bubbles – we thought the following\u00a0burger-flipping robot was a perfect example of unintended consequences for the\u00a0fast food industry’s workers<\/a><\/strong>.<\/p><\/blockquote>\n

Oh, my.<\/p>\n

\"\"<\/p>\n

And it’s produced by a what, you say?<\/p>\n

With humans needing to take breaks, have at least 4 weekend days off per month, and demanding ever-increasing minimum-wage for a job that was never meant to provide a ‘living-wage’,\u00a0Momentum Machines<\/a>\u00a0– a San Francisco-based robotics company has unveiled the ‘Smart Restaurants’ machine which is capable of making ~360 ‘customized’ gourmet burgers per hour without the aid of a human<\/strong>.\u00a0First Jamba Juice<\/a>,then Applebees<\/a>, next McDonalds…<\/em><\/p><\/blockquote>\n

The end result – says the company?<\/p>\n

\"\"<\/p>\n

There are those on the left who say that it’s inevitable, that robots were\/are going to replace humans in fast-food kitchens anyway. \u00a0The statement itself betrays ignorance about how economics work; the artificial acceleration of wages for what was never intended to be anything but entry level jobs where people trade low-skill labor for low-skill wages and – for the smart ones – work experience. \u00a0As the jobs got priced beyond what the labor was naturally worth to the market, the imperative for the “robots” grew.<\/p>\n

The opportunity is there, of course, for those who are smart enough to see it and develop the skills for it; for people to build, sell, install, program, maintain and repair the “robots”, this is going to be the good ol’ days.<\/p>\n

But those aren’t the people who are marching up and down in front of WalMart, McDonalds and Burger King demanding minimum wage hikes.<\/p>\n","protected":false},"excerpt":{"rendered":"

From Zero Hedge, the “unintended” (?) but inevitable consequence of the $15\/hour minimum wage: With a seemingly endless line of talking-heads willing to\u00a0ignore essentially every study that has been undertaken with regard the effects of raising the minimum-wage; and propose what is merely populist vote-getting ‘benefits’ for the ever-increasing not-1% who benefitted from Ben Bernanke’s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,308],"tags":[],"class_list":["post-44723","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-entitled-america"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/44723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44723"}],"version-history":[{"count":5,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/44723\/revisions"}],"predecessor-version":[{"id":46931,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/44723\/revisions\/46931"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44723"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}