As struggling businesses reduce labor expenses and boost prices to counteract wage hikes, fast food restaurants in California have eliminated over 10,000 jobs as a result of the state’s new $20 minimum wage, according to a trade group that reported the findings on Thursday.
Read More Calif. Fast Food Minimum Wage Hike Continues Impacting Positions, Businesses: 10,000 Jobs LostTag: automation
Almost 10,000 American bank branches shut down since 2019, pushing towards automation
Almost 10,000 bank branches have closed in the United States in the last few years, hastening the country’s shift to computerized, automated banking and less need for bank employees.
Read More Almost 10,000 American bank branches shut down since 2019, pushing towards automation