Raise minimum wage to $15 per hour, and get robots to replace humans

Clyde Hughes reports at Newsmax,

Robots have replaced 60,000 Chinese workers at the Apple and Samsung supplier Foxconn, which has recently cut its workforce by more than half.

...Ed Rensi, who was chief executive officer of McDonald's USA in the 1990s, made headlines recently when he told Fox Business that robots would be cheaper than hiring humans at $15 an hour. He made the comments in connection with recent campaigns to increase the minimum wage.

"I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry – it's cheaper to buy a $35,000 robotic arm than it is to hire an employee who's inefficient making $15 an hour bagging French fries," Rensi said. "It's nonsense and it's very destructive and it's inflationary and it's going to cause a job loss across this country like you're not going to believe."

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