Welcome to the New World
- Before a new Republican governor can take office in the state, Chicago Mayor Rahm Emanuel called a hastily-assembled "emergency session" and passed a city ordinance raising the minimum wage.
As Chicago sits on the edge of bankruptcy, Mayor Emanuel was desperate to beat the state legislature to a raise of the wage. His measure raised it from $8.25 an hour to $10 by next July and as high as $13 by 2019, a nearly five-dollar-per-hour hike.
A few lonely voices in the city council—the measure easily passed 44-5—are saying that in a state that is already losing population and businesses to other states, a minimum wage hike will drive out even more small businesses.
- A restaurant owner in China is opting to save on employee wages by foregoing traditional servers and using robots instead.
The eatery, located in a shopping mall in Ningbo, a city in China's northeastern Zhejiang province, has become a big tourist draw with its futuristic waitstaff.
Each robot costs over $9,400 but owner Lu Dike insists that he is still saving money over the long term, reports the Daily Mail.
No sick days, no calling off at the last moment, no wage demands at all and they don't need Obamacare. They're electric and don't produce carbon-dioxide, so the green crowd has to support them. Plus, you don't have to tip them. What's not to like?
Labels: money questions