Fast food chains are exploring new ways for customers to order their meals without having to interact with a cashier. Labor costs are rising and consumers are demanding ever faster, more convenient service. At McDonald’s, self-service kiosks are popping up in restaurants in the U.S. after the burger chain saw some success with the machines overseas.
Megan Barry, one of Nashville's mayoral candidates, has called for an increase in the Nashville minimum wage. If fast food restaurants respond to the incentives created by the higher labor costs, we can expect to see fewer entry level jobs, as firms replace more costly labor with cheaper alternatives. Even Democrat Warren Buffet thinks that a $15 minimum wage would crush employment.