Yet Again The Path To Hell Is Paved With Good Intentions

Posted: October 7, 2023 in America, Business, Consumers, Education, Farros, Politics, Royal, Royal Blog, Stocks, Technology and Business
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I never like it when people try to overtly manipulate by using blatantly maligning language.

Author Brad Polumbo does this liberally in his take on the new minimum wage for California fast food employees.

But read past this rhetoric… because he makes some excellent points…

… and if Govenor Newsom thinks he did everyone a favor by raising the minimum wage for fast food employees, he really was just thinking more about politics than actually helping those who need a hand.

To summarize:

  • Higher employee prices means more automation. i.e., loss of jobs. (He highlighted self-ordering terminals as an outstanding example.)
  • So the real minimum wage is unemployment.
  • The wage increase will simply be passed on to the very people who already have trouble making ends meet.

The entire business model for fast food used to be fast & cheap, augmenting ownership efforts with kids and young adults needing part-time and summer jobs.

So when did it become a career choice, please?

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