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This is a capex vs opex question. Raise minimum wage enough and firms cross the border to investing in capex such that they replace employees.
by formercoder 7y ago
This is a capex vs opex question. Raise minimum wage enough and firms cross the border to investing in capex such that they replace employees.
- taurath 7y agoIf they’re on the fence already, then they should be doing it. A few hundred dollars a day means next to nothing to McDonald’s, and everything to the workers. Don’t hold the threat of automation over them, if it’s gonna happen rip the bandaid off.
- scarface74 7y agoA few hundred a day means a lot to the franchise owner. It really means a lot to the mom and pop pizzeria down the street or the owner of the convenience store.
- taurath 7y agoAnd the plantation owner. Cheap labor is not a right.
- scarface74 7y agoI’ve asked this before, how much “labor” could the average money losing, VC backed, startup afford?
- formercoder 7y agoIt’s not a matter of a few hundred dollars a day. It’s a matter of whether the decision to replace workers is NPV positive. It’s clearly only so up until the point they are at now with the kiosks.