Labor cost is maybe 18% of the cost of running a fast food store.
My research indicates its around 25-30%
It seems inevitable that the minimum wage will need to be replaced with a universal basic income.
#2 | POSTED BY SNOOFY
Will it include vacations, perhaps a per diem, new computers every three years, perhaps a bitcoin miner? Can citizens collect UBI and move to Mexico?
Do newcomers collect UBI as well? I don't see why not.
Also needs to be 20% greater then cost of living, otherwise how are they going to get off of UBI?
Or who would want to I suppose.
The Future is UBI and robots.
I recommend understanding Fiat money and the French Revolution.
Kiosks are now cheaper than human labor.
#3 | POSTED BY BELLRINGER
Kiosks will always be just below labor costs, why would they be much less than the cost of labor?