Sunday, June 25, 2017

McDonald's Announces It's Replacing Cashiers With Automated Kiosks and Stock Market Loves the News

Via IJR.  McDonald's Announces It's Replacing Cashiers With Automated Kiosks and Stock Market Loves the News
CNBC reports:
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.
McDonald's shares rallied 26 percent this year through Monday compared to the S&P 500's 10 percent return.
Andrew Charles from Cowen cited plans for the restaurant chain to roll out mobile ordering across 14,000 U.S. locations by the end of 2017. The technology upgrades, part of what McDonald's calls “Experience of the Future,” includes digital ordering kiosks that will be offered in 2,500 restaurants by the end of the year and table delivery.
Because of the company's success and the fact that it employs so many young people, McDonald's has been a frequent target of the #FightFor15 minimum wage movement:

2 comments:

deborah harvey said...

saw a clip on television of a young female macdonald's employee in a "raise the minimum wage at macdonald's" rally.
she was outraged that her pay from macdonald's was not enough to raise her child on and she had to live with her grandparents because she could not afford rent.
no mention of her child's father and his obligation to pay child support.
there is no realization among these ravening hordes that the companies for which they work are not obligated to provide for them.
they seem to see their employers as husbands or parents who are to be held responsible for their well-being .
they have no sense, and nobody is explaining these facts to them.
similarly, i once had a roommate who thought i should pay a larger share of the rent because my salary was larger!
it is the same 'principle'. pure marxism.

PeteForester1 said...

The endgame of our government is a completely dependent society and complete control. Get the "unwashed masses" to demand a $15.00 minimum wage. The wage goes up, and businesses fire the employees, or replace them with machines. The government then blames the masses for the problem, but ultimately gives them all they need without having to lift a finger. Both the government and the demanding ones get what they ultimately wanted. Even the businesses win, as they are either subsidized, or accommodated ("We accept EBT!"). The only losers are the people paying the bills, who, after a while, decide to join "the masses." The country ultimately collapses, and is rebuilt by those who were in government/big business, albeit without all of those pesky constitutional rights... 'See how it goes?