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Re: Earnings season shows
more declines
Jester,
Re: Self-serve kiosks at Wendy's. Only the beginning of a trend.
Or the beginning of the 'end'. The whole operation will be run by
robots, with one human 'manager' on site to read error codes and
'reset' machinery accordingly. He can afford to buy a burger at
Wendys - all the laid off staff cannot, as commercial eateries do
not accept food stamps. Or may s/he isn't needed - have all outlets
managed from 'Wendy's Central' in.....Vietnam, or the
Phillipines.
So, yes, the irony is apparent. A permanent class of
unemployable workers, and meager spending customers.
Bernie gave a speech in a city in my state the ohter week. It
was locally televised, and man, was it 'no punches pulled.' He
started spewing figures, such as the twenty richest families in
America have greater wealth than the bottom 50% of Americans
combined. Approx. 140 mln people. Bernie said listen up, because
you won't hear these kinds of wealth figures on TV. And yes, you
won't.
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