They are most certainly artificially low. Try running the fast food industry without workers. Then come back and try to tell me their labor isn't worth anything.
Try running the fast food industry without workers
Not a problem. We've had the ability to create nearly fully automatic fast food restaurantssince the mid '60s, but the concept was just too outlandish back then, but now that people are comfortable with automation, and had half a century's worth of technological advancement, take a look at the answer to $15 an hour. Self-checkout lanes are popping up more and more, iPads and touch screens are replacing servers at some full-service restaurants, and ordering/paying from mobile devices is becoming downright commonplace.
If I'm wrong, then there should be nothing at all to worry about. The Government can keep mandating higher and higher wages and everything will be just peachy. Time will determine who is right, and who is wrong.
Not only are you demonstrably wrong just like the last twenty-two times people predicted doom when the minimum wage was raised, but people are trying to prevent the government from doing what we need it to do.
They are most certainly artificially low. Try running the fast food industry without workers. Then come back and try to tell me their labor isn't worth anything.
Not a problem. We've had the ability to create nearly fully automatic fast food restaurants since the mid '60s, but the concept was just too outlandish back then, but now that people are comfortable with automation, and had half a century's worth of technological advancement, take a look at the answer to $15 an hour. Self-checkout lanes are popping up more and more, iPads and touch screens are replacing servers at some full-service restaurants, and ordering/paying from mobile devices is becoming downright commonplace.
Really? You think automation is just "fire and forget" and the owners can soak up the profits without worrying about employing anyone?
Good luck with that.
If I'm wrong, then there should be nothing at all to worry about. The Government can keep mandating higher and higher wages and everything will be just peachy. Time will determine who is right, and who is wrong.
Not only are you demonstrably wrong just like the last twenty-two times people predicted doom when the minimum wage was raised, but people are trying to prevent the government from doing what we need it to do.