Economics: It Has Laws

Organizers of a movement demanding a $15-an-hour wage for fast-food workers sponsored a one-day strike in 100 cities last week.

If successful, expect the Dollar Menu to be replaced by the Hour Menu.

5 Comments

  1. Google road-tested a self-driving car in March 2012. Is there anybody here who thinks that it’s harder to build a set of machines that takes orders, collects money, cooks burgers and delivers them to the customer than it is to build a self-driving car?

    As for the economics, my guess is that there are a whole lot of things that make economic sense to automate if the alternative is paying somebody $15 per hour that don’t make sense if the alternative is paying somebody about half that.

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