Technology-driven automation in low-skill sectors will eliminate jobs and cause political friction; McDonald's will replace 40 $20/hour workers with 4 $60/hour machinery technicians, which is economically efficient and good for consumers but catastrophic for displaced workers.
forecastpending
Speaker
Rick RuleEvidence Quote
“Let's say that you are a low-sklls worker, but you can get by living five to a house with a job at McDonald's, paying $20 an hour. McDonald's is highly likely to automate your job away. Uh McDonald's in the future, rather than having 40 $20 an hour workers, is going to have four $60 an hour workers who are machinery technicians.”
Created: 8/13/2026, 10:19:24 AM
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