Thursday, May 15, 2014

What a genius

A couple of weeks ago, I posted a response to the liberals demands for an increased minimum wage.

So, for a people who like to portray themselves as Mensa members when they compare themselves to conservatives, they seem to lack an understanding of the law of supple and demand.

So let's do a refresher for all these "progressive" liberal arts majors.

See when the price of something goes up, demand for the product goes down. So when artificially increase the price of labor, employers will seek alternatives to the price increase.

But hey, I must be a honking Nostradamus, for seeing into the future and what?

…job prospects in Europe for those so inclined to work in the fast food industry are looking pretty grim right about now. That’s because the fast food giant is poised to add touchscreen kiosks in more than 7,000 of its restaurants in Europe in effort to replace actual, human cashiers.

Who would have thunk it?

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