Fast-food industry veterans are coming out against raising the minimum wage. “It’s cheaper to buy a $35,000 robotic arm than it is to hire an employee who’s inefficient making $15 an hour bagging french fries,” former McDonald’s USA CEO Ed Rensi said in an interview on Tuesday on the Fox Business Network’s “Mornings with Maria.” “It’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe.” Business Insider: McDonald’s is making a big push in Asia According to Rensi, rising labor costs are forcing chains to cut entry-level jobs and replace workers with machines.

BING NEWS:
  • California McDonald's franchisee shares struggle with 'unprecedented' impact of new minimum wage
    California is forcing fast food chains to get creative to afford the state's new $20 minimum wage ... an appearance on "Varney & Co." MCDONALD'S CEO SAYS FAST FOOD CHAIN WILL FOCUS ON ...
    04/12/2024 - 6:54 am | View Link
  • McDonald's forced to buy back all 225 Israel franchise restaurants after they gave free meals to IDF soldiers
    Allyson Stewart-Allen, CEO of International Marketing Partners, said that by buying back its restaurants, McDonald's was looking to send a message of reassurance to customers in Israel.
    04/5/2024 - 12:01 am | View Link
  • McDonald’s to buy Israel stores as turmoil rages in Middle East, boycotts loom
    McDonald’s Corporation announced Thursday an agreement to buy its Israel franchise that has ... Israel and serve our communities," Omri Padan, CEO and owner of Alonyal Limited said in a statemen ...
    04/4/2024 - 7:25 pm | View Link
  • McDonald’s franchisee raises prices after Calif. minimum wage law — but won’t charge $20 for a Happy Meal
    “We have looked at price, although I can’t charge $20 for a Happy Meal,” Scott Rodrick, who owns Rodrick Management Group, told CNN on Monday. In the last three months, Rodrick has raised ...
    04/2/2024 - 3:42 am | View Link
  • 'I can't charge $20 for a Happy Meal': McDonald's franchisee responds to California's new fast-food worker wages
    A McDonald's franchisee said he raised menu prices in response to California's new $20 minimum wage for fast-food workers but that there's a limit to how much customers would pay. "We have looked ...
    04/2/2024 - 12:23 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News