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Ex-McDonald’s CEO On The Fight For $15: ‘I Told You So’ About Self-Service Kiosks
In the run-up to nationwide demonstrations for a $15 minimum wage, aka the Fight for $15, the former president and CEO of McDonald’s USA says “I told you so.”
Earlier this year, Ed Rensi warned that the $15 minimum wage would be self-defeating in that it would kill thousands of entry-level fast-food jobs when small-business employers implement self-service touchscreen kiosks to reduce headcount and payroll.
Although the federal minimum hourly wage is still $7.25, several states and municipalities have “supersized” it to $15 in their jurisdictions, which equals to about $31,000 for a full-time worker, although many don’t work full time.
As the Inquisitr recently noted, fast-food workers and others in the service economy who support the Fight for $15 rallied on November 29. According to CNN, cops arrested about 100 protesters around the county who were taking part in the demonstrations for a $15 minimum wage.
In a follow-up Op-Ed in Forbes, Rensi claimed that the automation scenario played as he expected, and he was by no means taking a victory lap by declaring in print that “I told you so.”
“It brings me no joy to write these words. The push for a $15 starter wage has negatively impacted the career prospects of employees who were just getting started in the workforce while extinguishing the businesses that employed them.
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Ex-McDonald’s CEO On The Fight For $15: ‘I Told You So’ About Self-Service Kiosks is an article from: The Inquisitr News
