There are consequences when regulation meets business reality. The - TopicsExpress

There are consequences when regulation meets business reality. The McDonald’s earnings report on Tuesday [30% decline in quarterly profits] gave a hint at how the fast-food chain really plans to respond to its wage and profit pressure—automate. As many contributors to these pages have warned, forcing businesses to pay people out of proportion to the profits they generate will provide those businesses with a greater incentive to replace employees with machines. online.wsj/articles/minimum-wage-backfire-1413934569

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