With government driving up the cost of labor, its driving down the number of jobs, said Puzder. Youre 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.
Do you have a problem with automation?
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.