Another Effect of Higher Wages

by John Rubino
Dollar Collapse

After decades of stagnation, wages are finally rising. McDonald’s, believe it or not, has made the whole $15 minimum wage movement obsolete by starting its burger flippers at $21 an hour.

This is a good thing, but also a complicated one. In Remember Strikes? we covered some of the ways rising wages will change the world going forward. But we left out a big one, which is accelerated automation. Here again, McDonald’s is part of the story:

McDonald’s enters strategic partnership with IBM to automate drive-thru lanes

McDonald’s said Wednesday it has entered a strategic partnership with IBM to develop artificial intelligence technology that will help the fast-food chain automate its drive-thru lanes.

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