Definitely scary...and again....the minimal wage raise will make it worse. We are going to have a smaller labor participation rate no matter what. I cited that Wendy's article earlier. Raising the minimal wage will only increase the automation. How quick...I have no idea. Automation(robotics) is going to happen....the question is...how do we slip it in softly.
Here's the scary regarding our service oriented economy......we are doomed no matter what. Manufacturing....doomed no matter what. All else.............fock'.
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