Thanks, Democrats.
In direct response to higher wage prices and the firming of commodity prices, Wendy’s is going to install self-service ordering kiosks at 6,000 locations. McDonald’s is expected to follow at a slower pace.
Fast-food CEO says he's investing in machines because the government is making it difficult to afford employees " 'This is the problem with Bernie Sanders, and Hillary Clinton, and progressives who push very hard to raise the minimum wage," says Puzder. "Does it really help if Sally makes $3 more an hour if Suzie has no job?' " . . .
State of Affairs:
Fast food is not cheap. $15 minimum wages do not help.It’s easy to dismiss Eatsa. It has 10 stores. But it’s the idea that’s important.
Wendy’s is adopting a similar model as best it can, en masse. Department stores that have massively over-expanded will follow suit.
None of these trends bode well for store expansion or hiring. Layoffs are on the horizon.
The left wants to help struggling workers; what about struggling young families who can afford only fast-food places to take their families?
Conservatives who warn of things like this this are called stone-hearted and callous. Please Democrats, stop helping us! The Tunnel Dweller
Wendy's Serves Up Big Kiosk Expansion As Wage Hikes Hit Fast Food
. . . "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." . . .
. . . "It's not surprising that some franchisees might face more of a labor-cost squeeze than company restaurants. All 258 Wendy's restaurants in California, where the minimum wage rose to $10 an hour this year and will gradually rise to $15, are franchise-operated. Likewise, about 75% of 200-plus restaurants in New York are run by franchisees. New York's fast-food industry wage rose to $10.50 in New York City and $9.75 in the rest of the state at the start of 2016, also on the way to $15.
"Wendy's plans to cut company-owned stores to just 5% of the total." . . .
Fast-food CEO says he's investing in machines because the government is making it difficult to afford employees " 'This is the problem with Bernie Sanders, and Hillary Clinton, and progressives who push very hard to raise the minimum wage," says Puzder. "Does it really help if Sally makes $3 more an hour if Suzie has no job?' " . . .
State of Affairs:
Fast food is not cheap. $15 minimum wages do not help.It’s easy to dismiss Eatsa. It has 10 stores. But it’s the idea that’s important.
Wendy’s is adopting a similar model as best it can, en masse. Department stores that have massively over-expanded will follow suit.
None of these trends bode well for store expansion or hiring. Layoffs are on the horizon.
The left wants to help struggling workers; what about struggling young families who can afford only fast-food places to take their families?
Conservatives who warn of things like this this are called stone-hearted and callous. Please Democrats, stop helping us! The Tunnel Dweller
Wendy's Serves Up Big Kiosk Expansion As Wage Hikes Hit Fast Food
. . . "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." . . .
. . . "It's not surprising that some franchisees might face more of a labor-cost squeeze than company restaurants. All 258 Wendy's restaurants in California, where the minimum wage rose to $10 an hour this year and will gradually rise to $15, are franchise-operated. Likewise, about 75% of 200-plus restaurants in New York are run by franchisees. New York's fast-food industry wage rose to $10.50 in New York City and $9.75 in the rest of the state at the start of 2016, also on the way to $15.
"Wendy's plans to cut company-owned stores to just 5% of the total." . . .
More links from Zerohedge:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/printmail/531344
[3] http://www.zerohedge.com/print/531344
[4] https://mishtalk.com/2016/05/13/wendys-to-employ-self-service-kiosks-at-6000-locations/
[5] http://www.investors.com/politics/policy/wendys-serves-up-kiosks-as-wages-rise-hits-fast-food-group/
[6] http://finance.yahoo.com/news/carl-jr-ceo-predicts-future-203203237.html
[7] http://www.businessinsider.com/eatsa-fully-automated-restaurant-chain-2016-2
[8] https://mishgea.files.wordpress.com/2016/05/wendys-careers.png
[2] http://www.zerohedge.com/printmail/531344
[3] http://www.zerohedge.com/print/531344
[4] https://mishtalk.com/2016/05/13/wendys-to-employ-self-service-kiosks-at-6000-locations/
[5] http://www.investors.com/politics/policy/wendys-serves-up-kiosks-as-wages-rise-hits-fast-food-group/
[6] http://finance.yahoo.com/news/carl-jr-ceo-predicts-future-203203237.html
[7] http://www.businessinsider.com/eatsa-fully-automated-restaurant-chain-2016-2
[8] https://mishgea.files.wordpress.com/2016/05/wendys-careers.png
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