, 4 tweets, 1 min read Read on Twitter
Chapter Four, "What We Do For a Living," is much better. The Yang-Warren debate would be revealing here. If he's correct, the idea of doubling the minimum wage is nuts.
By his account, clerical, retail, and food service jobs are on the verge of total eradication; raising the minimum wage would just hasten the job Apocalypse.
He quotes the former CEO of McDonald's "It's cheaper to buy a $35,000 robotic arm than it is to hire an employee who's inefficient making $15 an hour bagging French fries."
The robot arm, he notes, will only get cheaper and more efficient, while the fast food wage has no place to go but up.
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