Raising Minimum Wage Is Going To Lead To Fewer Jobs In North Dakota!
According to a new article on Valley News Live, experts say that raising the minimum wage is going to lead to more artificial intelligence. You need to look no further than the Bismarck Mandan big retail and grocery stores to see that. There was a time at Walmart where only a couple of spots had self checkout. Now, there's got to be at least a couple of stations with 6, 7 or 8 checkouts alone. They're increasing at Lowes, Target and other stores around Bismarck Mandan as well.
President Joe Biden wants to raise the minimum wage to $15 dollars an hour. Sounds nice to those working minimum wage jobs. The problem is so many companies are struggling with the soft economy that COVID-19 left us with, they will be forced to find ways to make cuts. Artificial intelligence is where they will turn to.
In the article, economy Professor Ryan Jockers says that if minimum wage were to increase rapidly, there's a good chance many big box stores will choose to invest in technology to cut costs. Jockers also said that over time artificial intelligence can really save money.
I've already gone through drive-thru's at Subways in North Dakota where they are automated. It's a pain to use the touch screen, but it is nice to have the option to save your order for future trips. How long until you walk into McDonalds or other fast food chains and nobody is at the counter? I'm guessing a lot sooner than you think. $15 dollars an hour? Be careful what you wish for.
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