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Liberal Policies Cost Profitability, Company declares Bankruptcy

#2

(07-09-2019, 04:25 PM)The Drifter Wrote: Restaurant Group Files For Bankruptcy After 'Progressive' Minimum Wage Laws Harm Profitability

As progressives around the country lobby for a higher minimum wage, one restaurant group which employs thousands of individuals has been forced to declare bankruptcy in order to stay in business due to mandated hourly pay increases.

https://townhall.com/tipsheet/timothymea...56v6O0LNa8

There's always a trade off with various policies and/or demands. Eventually these types of demands will lead to jobs being automated or reduced significantly in manual labor needs. Companies have more than likely been foaming at the mouth with the idea of A.I / Robotics advancing over the years. 

User friendly made systems or self serving made systems to the point to where you push a few buttons and a machine does the manual work for you (and in most cases, does it accurately and saves you the frustration of having to go back to the store for a correction or getting home and just dealing with someone's mistake). Not really sure where we'll be at as a society, especially within the work force over the next thirty-one years but it'll be an interesting Country to live in by 2050. 

I just hope these people on the fringes (politically speaking, on the left and the right) wake up someday and realize that they've created a never ending cycle of a snake eating it's own tail. It's only going to get you so far and last so long.
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"What do I know of cultured ways, the gilt, the craft and the lie? I, who was born in a naked land and bred in the open sky. The subtle tongue, the sophist guile, they fail when the broadswords sing; Rush in and die, dogs - I was a man before I was a king."
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RE: Liberal Policies Cost Profitability, Company declares Bankruptcy - by Caldrac - 07-09-2019, 06:05 PM



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