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Should the government be looking at incentives to maintain a labor demand?
With McDonalds making a quiet but huge shift to machines versus living, breathing employees to curtail costs and avoid government mandated benefits and fines, is there a concern that we are screwing our lower class?
Forbes wrote an interesting article on labor demand, and on technology being a slippery slope to less educated or skilled people being able to find gainful employment. There is a company that has even mechanized the entire kitchen staff for fast food joints. According to the article, an average fast food burger place spends $135k annually on labor. It doesn’t specify if that also includes paying into the affordable care act, worker’s comp, etc., but it is a large number regardless. Of course it would be appealing to consider a one time purchase to switch to a machine instead of a laborer.
Should the government begin thinking about incentivizing companies for hiring employees, instead of always demanding more?
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