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Blame Minimum Wage, Not Carl’s Jr. CEO, For Automated Restaurants
Insider's Business Daily ^ | 3-19-2016

Posted on 03/19/2016 5:57:49 AM PDT by MarvinStinson

Carl’s Jr. and Hardee’s CEO Andy Puzder has people all in a huff over his idea to automate restaurants.

But why be upset with Puzder? This is an inevitable consequence of massive minimum wage hikes by the government.

“I want to try it,” CEO Puzder said. He’s looking at something “where you order on a kiosk, you pay with a credit or debit card, your order pops up, and you never see a person.”

Is he heartless? No. Just responding to the government’s foolish plans to jack up the minimum wage and put restaurants, hotels, bars and other service industries out of business. “With government driving up the cost of labor, it’s driving down the number of jobs,” said Puzder. “You’re going to see automation not just in airports and grocery stores, but in restaurants.”

He’s right. That’s why whenever the minimum wage rises above the market-set prevailing wage, jobs are destroyed. Who would pay someone $15 an hour to do a job that’s worth less than that?

This isn’t rocket science. It’s plain common sense — something that demagogues on the left are missing entirely.

The proof is overwhelming.

Consider:

IBD’s Jed Graham surveyed six big U.S. cities that hiked the minimum wage in 2015 and found they took a serious jobs hit. “Wherever cities implemented big minimum-wage hikes to $10 an hour or more last year, the latest data show that job creation downshifted to the slowest pace in at least five years,” Graham wrote.

During the 1970s, Congress forced Puerto Rico to adopt the U.S. federal minimum wage. The result, according to a 1992 study by economists Alida Castillo-Freeman and Richard Freeman: “Imposing the U.S.-level minimum reduced total island employment by 8%-10%.” So Puerto Rico lost 1 out of every 11 jobs to the minimum wage.

(Excerpt) Read more at investors.com ...


TOPICS: Culture/Society; Government; US: California; US: New York
KEYWORDS: 2016election; california; carlsjr; election2016; liberalagenda; minimumwage; newyork; trump
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1 posted on 03/19/2016 5:57:50 AM PDT by MarvinStinson
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To: Arthur Wildfire! March; SunkenCiv; Albion Wilde

A study by the American Enterprise Institute looked at Seattle’s recent minimum wage hike. After it began phasing in a series of hikes in 2014, Seattle lost 10,000 jobs between just September and November, and its unemployment rate jumped a full percentage point. As AEI economist Mark Perry notes, Seattle’s minimum wage hike from $9.32 an hour to $15 an hour amounts to a $11,360 tax on every minimum wage job.

A 2014 Congressional Budget Office study estimated that raising the federal minimum wage from $7.25 an hour to just $10.10 an hour would kill half a million jobs. Worst of all, those who suffer most are the young, minorities and those with little education or training.


2 posted on 03/19/2016 5:58:50 AM PDT by MarvinStinson
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To: MarvinStinson

“”””“I want to try it,” CEO Puzder said. He’s looking at something “where you order on a kiosk, you pay with a credit or debit card, your order pops up, and you never see a person.” “”””””

Carls Jr already did that in Idiocracy.


3 posted on 03/19/2016 6:01:51 AM PDT by shelterguy
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To: MarvinStinson

It’s not a new idea. Horn and Hardart restaurants in NYC where way ahead of their time.

I loved plinking my coins in the slot and opening the glass door to pull out anything from meatloaf and mashed potatoes to apple pie. Yum.

The bet Horn and Hardart was nearby Radio City Music Hall.


4 posted on 03/19/2016 6:04:45 AM PDT by OpusatFR
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To: MarvinStinson

Never let anyone try to convince you that the left cares about the poor. They do everything in their power to destroy them. Minimum wage destroys jobs, Obamacare has made insurance unaffordable, welfare has destroyed the family. There is NOTHING good the leftists have produced.


5 posted on 03/19/2016 6:05:16 AM PDT by McGavin999
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To: MarvinStinson

Doesn’t this lower fast food to the same level as vending machine food?

I think Japan has been using vending machines to get a quality bowl of ramen noodles for years. Not sure it will catch on here.


6 posted on 03/19/2016 6:06:58 AM PDT by Tai_Chung
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To: OpusatFR

https://www.youtube.com/watch?v=ZrbyqUOObdU

A look at the Horn and Hardart Automat and its Legacy.

3 minutes long


7 posted on 03/19/2016 6:10:02 AM PDT by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: MarvinStinson

They were warned about this, and chose to proceed, regardless. They knew.


8 posted on 03/19/2016 6:10:20 AM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: MarvinStinson
Raising the minimum wage to 1960's level isn't going to kill the economy. Again Republicans are good at aliening vast swaths of the nations electorate for no political gain.

$15.00 is to much IMO. But this a states right issue. To go above the Federal Minimum is fine.

9 posted on 03/19/2016 6:12:57 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: MarvinStinson

“With government driving up the cost of labor, it’s driving down the number of jobs,” said Puzder. “You’re going to see automation not just in airports and grocery stores, but in restaurants.”

Higher wage, fewer jobs demanded. This sounds like economics 101, the Law of Demand. This is totally predictable, yet was seldom predicted by politicians, news people, and people in the general public. Too many people treat economics as “theory.” A lot of economics is very real. (Marxist economics, like Marxist anything, is bunk.). Economics - learn it.


10 posted on 03/19/2016 6:15:10 AM PDT by ChessExpert (The unemployment rate was 4.5% when Democrats took control of Congress in 2006.)
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To: ChessExpert

Do you have a problem with automation?


11 posted on 03/19/2016 6:16:11 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: MarvinStinson
Back to the Automat!


12 posted on 03/19/2016 6:17:53 AM PDT by Bobalu (I'm spitting on my hands, and hoisting the black flag!)
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To: Bobalu

Zum Zum!


13 posted on 03/19/2016 6:21:37 AM PDT by mac_truck (aide toi et dieu t'aiderai)
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To: central_va

The government has no business trying to set prices and wages.


14 posted on 03/19/2016 6:24:39 AM PDT by Maceman
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To: Maceman

The government lets in millions of immigrants a year so with no minimum wage it is a race to the bottom. Seal the borders and stop immigration and then we can talk.


15 posted on 03/19/2016 6:27:19 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: trisham

Kiosk don’t:

1. Go on strike
2. No healthcare needed
3. NO FICA, unemployment, workman comp.
4. NO sexual harassment lawsuits
5. NO spitting/ urinating on food
6. NO overtime
7. NO “scheduling” issues
8. NO paid vacations


16 posted on 03/19/2016 6:27:40 AM PDT by smartyaz
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To: ChessExpert
Higher wage, fewer jobs demanded. This sounds like economics 101, the Law of Demand. This is totally predictable, yet was seldom predicted by politicians, news people, and people in the general public. Too many people treat economics as “theory.” A lot of economics is very real. (Marxist economics, like Marxist anything, is bunk.). Economics - learn it.

We are increasingly moving towards a world where large segments of the population are unemployable. The world of the future will be a small population of highly educated stewards, enjoying a leisured lifestyle, who clock in to "work" periodically only to ensure the machines are running smoothly. There will be no place for today's countless billions of illiterate and unskilled peasants.

Getting there from here will not be pretty but it's going to happen.

17 posted on 03/19/2016 6:44:01 AM PDT by Drew68
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To: MarvinStinson
When you start a business you begimn with a business plan that shows that revenues will exceed expenses. When an outside force arbitrarily increases those expenses, those expenses will probably exceed revenue.

Businesses that have a negative cash flow don't exist very long.

18 posted on 03/19/2016 6:47:04 AM PDT by E. Pluribus Unum ("If voting made any difference they wouldn't let us do it." --Samuel Clemens)
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To: central_va

I agree with you about illegal immigration. But using government law breaking as an excuse to end free markets is not something I or any conservative ought to support. Maybe without a minimum wage, protest against illegal immigration would be even stronger.


19 posted on 03/19/2016 6:56:29 AM PDT by Maceman
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To: smartyaz

Kiosk Do:

1. Speak English


20 posted on 03/19/2016 6:57:07 AM PDT by gubamyster
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