Puppyroach on 25 May 2016
The problem with the CEO's statement is not only that it is outright moronic since a robot can replace any worker at any salary, it is also counterproductive to their own profit. A minimum wage worker earning 15$/hours will spend a lot more money in the capitalistic system than one making 10$/hour. This in turn will generate more profit for other companies and higher sales for their employees and therefore even more growth. This will lead to even more customers for McD and even higher profits. Having a economically stable low income class in society is fundamental to it's growth, since that class is more likely to spend the cash than to save it.
