McDonald’s shares reached an all-time high following the announcement that automated ordering kiosks will be replacing cashiers in 2,500 stores across the U.S.
CNBC reports that McDonald’s shares have reached an all-time high following the announcement of automated ordering kiosks replacing cashiers in 2,500 stores across the country. The fast food chain’s shares increased in value by 26 percent this year compared to the S&P 500’s 10 percent return. Andrew Charles of the financial services firm Cowen cited McDonald’s plans to replace many paid workers with automated ordering machines and the roll out of mobile ordering in 14,000 stores across the U.S. by the end of 2017 for the increase in McDonald’s share prices.
Don't blame conservatives for this. It's a mandate from the city officials in Seattle who rolled out this gem. Seattle-tonians are now receiving $13 an hour but the mayor says(it's a cya) this is going to be good for the City and it's people.