Skip to content

Tag: automation

Panera

Restaurant CEO Predicts Robots Will Replace Overpriced Labor

The melancholy truth that America’s leftists, and the young people they exploit for political support, stubbornly refuse to learn is that the true minimum wage is zero. When the cost of labor is increased beyond its true value by government fiat, employers learn to make do with fewer workers.

Long Beach Port (Jae C. Hong / Associated Press)

Unions Talk Port Strike Win–but Lose Jobs to Automation

As West Coast union dockworkers celebrate a tentative agreement for a five-year contract featuring even higher wages and benefits than the current $1,200-per-day, shipping companies intend to introduce new mega-container-ships and port handling equipment that will help automate away many union jobs.