An anonymous reader shares an article on Fox Business: As fast-food workers across the country vie for $15 per hour wages, many business owners have already begun to take humans out of the picture. “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 (warning: autoplaying video) bagging French fries — 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, ” said former McDonald’s USA CEO Ed Rensi during an interview on the FOX Business Network’s Mornings with Maria. According to the Bureau of Labor Statistics, 1.3 million people earned the current minimum wage of $7.25 per hour with about 1.7 million having wages below the federal minimum in 2014. These three million workers combined made up 3.9 percent of all hourly paid workers. Read more of this story at Slashdot.
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Former McDonald’s USA CEO: $35K Robots Cheaper Than Hiring at $15 Per Hour