by A.F. Branco at constitution.com
For the last few years we have seen minimum wage workers on the streets protesting and going on strike to have their wage increased by law.
"What do we want? 15! If we don't get it? Shut it down!" chanted the protesters at dawn, bathed in neon light from the restaurant and Times Square billboards.
This mindset is a bit of a problem.
You see, your wage is set by things like your personal skill-set and market demand for the position you occupy.
If you have skills that allow you to occupy a position which is in demand in the marketplace, you are going to get paid more. If you don't have such a skill-set and occupy a position that is not in demand, you're not going to get paid much at all.
So, what happens when you demand more money than your skill-set or position is worth?
McDonald's shares hit an all-time high on Tuesday as Wall Street expects sales to increase from new digital ordering kiosks that will replace cashiers in 2,500 restaurants.
Cowen raised its rating on McDonald's shares to outperform from market perform because of the technology upgrades, which are slated for the fast-food chain's restaurants this year.
Automation and technology takes over obsolete jobs
Slavery was abolished in the US because the practice is immoral.
It doesn't matter that plantation owners complained that they wouldn't be able to get all of their cotton picked. They simply had to deal with the reality and use technology and automation (the cotton Gin) to fill in the gap.
It is my belief that in 50 years we will look at McDonald cashier positions the same way that we look at cotton picking plantations from 100 years ago: they were archaic remnants of an immoral society.
Hopefully, we can figure out the user-generated-token economy, like Steemit and the many other similar platforms that will be developed using blockchain technology, and nobody will have to be a wage-slave.
My vote is for humanity!
:D