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a very high number of transactions. “You got a choice, you go broke by raising prices or you go broke by losing money because you can’t raise prices,” Rensi continued. “So I understand the Official I put spell on you witch sisters halloween quote Shirt moreover I will buy this need to perhaps make a public statement that you’re going to $15 and I don’t quarrel with that aspect of it. But when the rubber meets the road, you’ve got to look at what are the franchisees going to do because they’re 80% to 90% of the system and a lot of them are already there.” Rensi noted that the federal minimum wage helps determine union labor contracts from the AFL-CIO. “The higher the minimum wage goes federally, the higher their union contracts go,” Rensi explained. “You got the Service International Workers Union going out to McDonald’s and Burger King and Wendy’s like crazy. What are they going to do for those quick service restaurant workers? They’re going to force the cost of labor up, which means it’s going to force management to find alternatives, which means they’re going to lose jobs. And technology is always cheaper than people.” CLICK HERE TO READ MORE ON FOX BUSINESS Rensi added that consumers will ultimately end up carrying the costs associated with the wage hike, and that the push toward automation is aimed at maintaining the convenience and speed of fast food. He also warned that automation will allow “institutional big guys” to take over the industry at the expense of small business. Ticker Security Last Change Change % MCD MCDONALD’S CORP. 236.26 -0.16 -0.07% QSR RESTAURANT BRANDS INTERNATIONAL, INC. 63.63 -0.27 -0.42% WEN THE WENDY’S CO. 22.23 -0.04 -0.18% Powered By McDonald’s isn’t the only restaurant making moves toward automation. In September, competitor Burger King announced a new redesign that will provide guests with new ordering and delivery models tailored to customer needs or wants. A conveyer belt system will deliver food from the kitchen to the drive-thru and food will be placed in coded lockers on the exterior of restaurant locations for guests placing online and delivery orders. Wendy’s also rolled out self-ordering kiosks in 1,000 of its stores back in 2017.

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