From Zero Hedge, the “unintended” (?) but inevitable consequence of the $15/hour minimum wage:
With a seemingly endless line of talking-heads willing to ignore 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 bubbles – we thought the following burger-flipping robot was a perfect example of unintended consequences for the fast food industry’s workers.
And it’s produced by a what, you say?
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’, Momentum Machines – 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. First Jamba Juice,then Applebees, next McDonalds…
The end result – says the company?
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. The 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. As the jobs got priced beyond what the labor was naturally worth to the market, the imperative for the “robots” grew.
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.
But those aren’t the people who are marching up and down in front of WalMart, McDonalds and Burger King demanding minimum wage hikes.