The QSR space is heating up rapidly and that’s only one industry. The situation in California of $15 per hour may end up driving the adoption of Kiosks and other automation quicker than anticipated.
Other ramifications could include people already making $15 – 20 per hour. Logic say’s they will want a raise as well. Why should they be getting “minimum wage” when someone working the most basic of jobs is getting the same? It stands to reason we’re looking at wages going up almost across the board.
In the end business will raise their rates to cover the extra expense, or, the smart companies adopt automation and other cost saving techniques as much as possible in order to keep costs down and selling prices low.
California’s plans to raise the minimum wage to $15 an hour by 2022 could spur a move in the restaurant industry toward automation.
Nice article on impact of minimum wage and automation.
This change should open the floodgates of automation exploration. Those that can invest now and keep costs low during the transition will weather the storm long enough for competition to go under because they didn’t plan ahead.
- The Real Impact of Minimum Wage Legislation – link