Category «Retrospective»

Looking back at past events and drawing conclusions about the second order effects.

UPDATE on $15 per hour minimum wage

In the previous article about a $15 per hour minimum wage the author predicted that automation would be used to reduce labor hours.  Well, look at this McDonald’s and what do you see, terminals for the customers to fill out their orders instead of minimum wage workers.  This Seattle McDonald’s has automated to eventually reduce it’s labor costs.  This is just the start, the faster that wages go up, the faster things will be automated.

The Effect of Unilateral Legislation

Premise of Article: The Affordable Care Act (ACA) should be a lesson in what not to do when one has all of the levers of power.  The Second Order Effect of the Legislation that this article discusses is the consistent opposition by the Republicans.   This article is not about the goodness or badness of …