{"id":238575,"date":"2017-06-26T14:15:00","date_gmt":"2017-06-26T18:15:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=238575"},"modified":"2017-06-27T16:46:16","modified_gmt":"2017-06-27T20:46:16","slug":"mcdonalds-stock-skyrockets-after-minimum-wage-workers-replaced-with-machines","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2017\/06\/26\/mcdonalds-stock-skyrockets-after-minimum-wage-workers-replaced-with-machines\/","title":{"rendered":"McDonald\u2019s Stock Skyrockets After Minimum Wage Workers Replaced with Robots"},"content":{"rendered":"

RUSH: How many of you have been aware in recent months that McDonald\u2019s, Mickey D\u2019s stock has been tanking? You have not been aware of that? It has been. McDonald\u2019s stock has been tanking. And there are many who wanted it to tank. Many in the climate change business want it to tank. They want people to think that McDonald\u2019s is responsible for climate change.<\/p>\n

And the food Nazis have also been desirous of McDonald\u2019s suffering some pain because they think the food McDonald\u2019s sells just does nothing but cause heart attacks and make people dead. And McDonald\u2019s has had some challenges here with their stock price and CEO, menu diversity and any number of other things that they\u2019ve tried to reverse the company\u2019s fortunes.<\/p>\n

And they came across something. They have found a solution. No, it\u2019s not food. They haven\u2019t changed the menu. It\u2019s nothing of the sort. McDonald\u2019s stock has hit new highs in recent days despite continuing problems throughout the fast food industry. And do you know why? It\u2019s because of the minimum wage. The minimum wage random increase has caused McDonald\u2019s to do what it causes every time you raise it. It kills jobs.<\/p>\n

\"\"Raising the minimum wage gets people fired. It\u2019s a great political issue because it makes it look like you care and it makes it look like you\u2019re going after these evil SOB CEO types that don\u2019t care about people. You\u2019re forcing \u2019em, you\u2019re forcing \u2019em to pay a living wage and that makes \u2019em compassionate and that shows that you care, that you\u2019re willing to go after Big Corporation. You make a big deal about raising the minimum wage, and when you do the restaurant business in Seattle craters, restaurants in Seattle started closing in droves shortly after.<\/p>\n

You cannot arbitrarily mandate an increase in the lowest you\u2019re gonna pay anybody and stay in business. Businesses do not have, particularly small businesses, do not have a pile of unused money being hoarded by the owner so he can entertain himself. This is what years and years of liberalism has done. It has told average, ordinary Americans that small businesses all have piles of money everywhere and that the owners, they don\u2019t pay their people anything and they sell cheap stuff, they sell cheap services, and they keep all that money for themselves to buy pornography or nice cars or whatever they do with it.<\/p>\n

And so people think that all businesses are all massively successful that have piles of money over here and in the bank, and they don\u2019t like people, and they don\u2019t pay people a livable wage \u2019cause they don\u2019t like people. So the “raise the minimum wage” chorus hits: Make these greedy SOBs get rid of some of that pile of money and be fair with their employees. And every time it happens, people lose their jobs.<\/p>\n

What did McDonald\u2019s do? McDonald\u2019s replaced 2,500 human beings with digital kiosks. The minimum wage is both hypocritical and racist in its effects since it disproportionately hurts young minority and immigrant employees \u2019cause they lack skills, they lack education, they lack training for other jobs, and so they can\u2019t command a high wage based on any factor.<\/p>\n

They don\u2019t have the experience. They don\u2019t have the knowledge. So the minimum wage is a good entry-level wage, but if you arbitrarily raise it without any relationship to market factors, wherever the wage is being paid, you\u2019re gonna get people fired. Because the budget for labor doesn\u2019t change no matter what costs. So if you have a labor budget that allows you to employee a hundred people and then all of a sudden some government entity comes along and makes you raise the minimum wage forcing your budget to go up by 20%, in Washington they just think you\u2019ll bite the bullet and pay everybody 20% more.<\/p>\n

\"\"It\u2019s not how it happens. The labor budget stays the same. You have to get rid of some people. That\u2019s how it works in your average, ordinary small business. So McDonald\u2019s said, “Okay, fine. Raise the minimum wage, we\u2019re gonna find ways that we\u2019re gonna be exempt from it. Screw you.” And so they have automated with robots 2,500 jobs at digital kiosks. And as a result of this, McDonald\u2019s stock has hit new highs in recent days, working from the absurd idea that higher wages are good for individual workers, it must be socially beneficial to have government order all employers to pay their workers more, but it never works out.<\/p>\n

McDonald\u2019s stock is up 27% this year. And pushed by concerns over a rising minimum wage, they replaced human cashiers as fast as they could. They had no choice. By the end of 2017, McDonald\u2019s plans to have digital cashiers in 2,500 restaurants. By 2018, another 3,000 restaurants will go digital. They\u2019re also gonna let you order via mobile device at 14,000 restaurants by the end of the year.<\/p>\n

McDonald\u2019s calls it the experience of the future strategy, and I\u2019m just telling you, yes, technology is playing a factor here. There\u2019s no doubt. But so is the minimum wage. The minimum wage is hastening the use of technology. Plain and simple. You\u2019ll notice the minimum wage increase is not resulting in people at McDonald\u2019s being paid more, is it? It\u2019s resulting in people at McDonald\u2019s losing their jobs to robots.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: The minimum wage is hastening the use of technology. Plain and simple. You'll notice the minimum wage increase is not resulting in people at McDonald's being paid more, is it? It's resulting in people at McDonald's losing their jobs to robots.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[12,1],"tags":[],"yoast_head":"\nMcDonald's Stock Skyrockets After Minimum Wage Workers Replaced with Robots - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2017\/06\/26\/mcdonalds-stock-skyrockets-after-minimum-wage-workers-replaced-with-machines\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"McDonald's Stock Skyrockets After Minimum Wage Workers Replaced with Robots - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: The minimum wage is hastening the use of technology. 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