* US unemployment is at a 17-year low which is causing all businesses to struggle to find workers.
* In 2000, about 45 percent of those between 16 and 19 had a job — today it’s 30 percent.
* Wages are at $10.93 per hour and are heading towards the $15/hour wages that are being required by some states. In New York, minimum wage for fast food workers is increasing to $13.50 this year and $15 in 2021.
Teenagers have to spend more time studying for higher education. It is financially better to load up on more classes and shave a semester or two from a degree than to spend any time on a fast food job. High school kids could take extra community college classes to get more university credits.
Ordering kiosks are common in Europe for fast food and are being installed by the thousands in the USA.
Installing ordering kiosks costs between $50,000-60,000. Half of U.S. McDonald’s will have the self-serve kiosks by the end of 2018, at a cost of about $2.4 billion, which also includes opening 1,000 new locations.
$35,000 robotic arms will start to replace people making $15 an hour bagging French fries.
There is also the increased use of apps for ordering. Upselling via the app can increase sales by 30%.
Restaurants have been increasing by about 2% per year.
Automation in cooking
Various new restaurants are opening with robotic cooking and assembly lines in the kitchen.
Drones and self-driving
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.