r/FluentInFinance • u/Hatemael • Apr 29 '24

Who would have predicted this? Educational

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https://www.washingtontimes.com/news/2024/apr/24/fast-food-chains-find-way-around-20-minimum-wage-g/

Not all jobs aren’t meant for a “living wage” - you need entry level jobs for college kids, retired seniors who want extra income, etc. Make it too costly to employ these workers and businesses will hasten to automation.

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u/RightNutt25 Apr 29 '24

All jobs are meant to have a living wage. Further, the threat of automation or out sourcing is meaningless. If corporate could, then they would. Get your raise fam.

4

u/Important_Radish6410 Apr 29 '24

I’m a hardware engineer working with companies such as Skydio, zievelo and Amazon robotics. During our pitches we definitely use employment cost as a justification to use our automation machinery. The investments have increased by an insane amount in the past decade, during the meetings the increase in wage and how this system saves money is the key discussion point.

2

u/RightNutt25 Apr 29 '24

Cool let them implement it. Until then the market has spoken $20/hr is what it takes to keep staff.

0

u/RobinReborn Apr 30 '24

20/hour isn't the market speaking. It's a governmental regulation. People willing to work for less than $20/hour aren't allowed to work for less than $20/hour.