Economy

Fight for $15 has Resulted in Automated Cashiers

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Well it’s official, McDonalds would rather pay for machinery than fork out $15 an hour for minimum wage.

On Tuesday McDonalds announced that they would officially move towards automated cashiers which has been a threat since the fight for $15 protests and walkouts have occurred across the country. Basically the over reach for an entry level job that requires the education level of a middle school child has been shut down in a big way. 2,500 restaurants across the country will no longer require a cashier so congratulations on that $15 an hour promotion.

Via IJR:

After threatening to respond to various protests demanding a higher minimum wage by moving more into automation, McDonald’s finally made it official last week.

CNBC reports:

McDonald’s shares hit an all-time high on Tuesday as Wall Street expects sales to increase from new digital ordering kiosks that will replace cashiers in 2,500 restaurants.

Cowen raised its rating on McDonald’s shares to outperform from market perform because of the technology upgrades, which are slated for the fast-food chain’s restaurants this year.

McDonald’s shares rallied 26 percent this year through Monday compared to the S&P 500’s 10 percent return.

Andrew Charles from Cowen cited plans for the restaurant chain to roll out mobile ordering across 14,000 U.S. locations by the end of 2017. The technology upgrades, part of what McDonald’s calls “Experience of the Future,” includes digital ordering kiosks that will be offered in 2,500 restaurants by the end of the year and table delivery.

If a minimum wage job doesn’t support a living than go back to school, strive for management, or get a second job. An entry level position does NOT deserve a higher wage than first responders, period.

About Barry G. Morris

1 Comment

  1. Kelly

    June 27, 2017 at 5:36 am

    If you are trying to raise a family on minimum wage, you have made a lot of bad choices in your life. Not just one or two bad choices, you are the poster child for bad choices. My kids got raises after six months of just showing up on time.

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