I’ve been amazed that many businesses on the low end of the wage scale have raised wages to attract workers - but not all. While people do jump around to find higher wages often, some remain in very low wages roles longer than I would have anticipated. As wages rise and churn is increased, I believe we will see more machines as substitutes because the business case for investment will be there.
It's a good point to consider. Less interaction means less reliance on the person. How does that play into the wage discussion?
So much to consider with inflation and everything. Must more than just "Everyone needs to make more money."
I’ve been amazed that many businesses on the low end of the wage scale have raised wages to attract workers - but not all. While people do jump around to find higher wages often, some remain in very low wages roles longer than I would have anticipated. As wages rise and churn is increased, I believe we will see more machines as substitutes because the business case for investment will be there.