(11-08-2020, 10:34 AM)JagsFanClubOfMD Wrote:

(11-08-2020, 10:20 AM)StroudCrowd1 Wrote: Possibly. Look at the math.

For example, in US alone, McDonald's had approximately 14,000 stores.

Let's say an employee makes $15 an hour 40 hrs a week. That is $2400 a month. If they cut one employee across every franchise, that saves them $33,600,000 a month. Now cut 5 employees per franchise. That is $168,000,000 a month, which equates to over 2 billion dollars a year of savings.

The future is here.

 At that scale the labor being cut would still be significant at 9, 10 or 11 dollars per hour. I get your point though. I’m still more upset at the corporations than I am the poor people.

Well, I am old enough to remember these types of jobs were never intended to create a living wage. Don't get me wrong, there are management positions in these corporations that should produce a living wage, but that is where it starts. 

Random question. Do you own stock?

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(11-08-2020, 10:41 AM)flsprtsgod Wrote:

(11-08-2020, 10:20 AM)StroudCrowd1 Wrote: Possibly. Look at the math.

For example, in US alone, McDonald's had approximately 14,000 stores.

Let's say an employee makes $15 an hour 40 hrs a week. That is $2400 a month. If they cut one employee across every franchise, that saves them $33,600,000 a month. Now cut 5 employees per franchise. That is $168,000,000 a month, which equates to over 2 billion dollars a year of savings.

The future is here.

Well, yes and no. The idea that all of the labor dollar savings are realized in a tech conversion isn't really factual. The innovation always come with new costs of it's own; in this case it's the purchase and maintenance of the equipment, the cost of broad scale implementation, and the IT support to keep if functional and secure just for starters. If all those new costs add up to more than the increase in labor savings then it won't happen.

Oh yeah, I know. Was just a rough example, but I was also being conservative running the numbers on 5 employees per franchise, when it would likely be double or triple that. 

Since its already happening, I am guessing a lot smarter people than me determined it is a viable long term strategy.

Now......cue the robot tax....my guess is this has something to do with why corps are slow playing the implementation of automation.

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