Article 34CJZ This is How Shake Shack Will Pay for Higher Minimum Wages

This is How Shake Shack Will Pay for Higher Minimum Wages

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Anyone who has been to a McDonald's in France will know what's going on here. Shake Shack suspects that the cost of labor will rise due to an increased minimum wage, and given that projection, it's become economic to consider investments in labor-saving technologies. Higher minimum wages act in effect as a subsidy to automation.

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