Former McDonalds CEO Warns “Job Losses Like You’re Not Going to Believe”: “It’s Cheaper To Buy A Robot Than Hire At $15/Hour” - InvestingChannel

Former McDonalds CEO Warns “Job Losses Like You’re Not Going to Believe”: “It’s Cheaper To Buy A Robot Than Hire At $15/Hour”

“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 bagging French fries – it’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a […]

The post Former McDonalds CEO Warns “Job Losses Like You’re Not Going to Believe”: “It’s Cheaper To Buy A Robot Than Hire At $15/Hour” appeared first on Silver Doctors.