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Florida minimum wage increase passes
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(11-08-2020, 10:20 AM)StroudCrowd1 Wrote:(11-08-2020, 10:09 AM)JagsFanClubOfMD Wrote: What would be the difference by that rationale? Do you think they are going to stop the move to automation if they are paying employees $9.00/hr rather than $15? 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. “An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato
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