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Former McDonald’s CEO warns of minimum wage hike’s ‘destructive’ impact

While there is already anecdotal evidence that low-skill jobs are being replaced by machines at an increasing pace, one expert in the field recently predicted the trend will only escalate as activists across the country continue to push for a $15 per hour minimum wage.

Ed Rensi, who has previously served as the chief executive officer of McDonald’s, revealed his thoughts in a recent Fox Business Network interview.

“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 are not going to believe,” he said.

Rensi went on to forecast far more automation of jobs in fast food and other industries, explaining it is cheaper in the long run for companies to invest in expensive robots.

“If you can’t get people a reasonable wage,” he concluded, “you’re going to get machines to do the work. It’s just common sense. It’s going to happen whether you like it or not — and the more you push this, it’s going to happen faster.”


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