In reality, the true minimum wage is always zero

Every couple of years there is a new “Burger Robot” announced that will replace the humans in the fast food business.

Meet Flippy …

flippy cover

For the last few years the ordering kiosks were taking all the headlines, but this year we are back to automating the kitchen.

If anyone remembers, back in 2012, a secretive robotics startup named Momen­tum Machines debuted a machine that could crank out 400 made-to-order hamburgers in an hour. It’s fully autonomous, meaning the robot can slice toppings, grill a patty, and assemble and bag the burger without any help from humans. The Internet flipped out.

Here is the post from last year when Momentum was opening their restaurant: In reality, the true minimum wage is always zero

Sort of how high oil prices made new technologies such as fracking and oil sands production worth doing, a $15 minimum wage is not about ensuring that poor people have more money. It’s about an explosion of this kind of innovation in automation.