Panera Bread CEO Ron Shaich is one of those “responsible” corporate executives. You know, the kind who give $35,800 to the Obama Victory Fund, and support a higher minimum wage. The Economist reported late last year:
My question: Will Shaich pay $10.10 an hour to the kiosks he plans to install in every Panera in America? Businessweek tells that at the coffee and sandwich shop, you’ll soon be ordering through a touch-screen kiosk. Shaich insists this won’t lead to downsizing: Panera will have fewer cashiers but more employees running the food to customers’ tables. We’ll see.
I’ve written before about companies like Costco and Walmart supporting hikes in the minimum wage, knowing this will adversely affect their smaller competitors.
P.S. One angle Shaich may not be considering: When the computers rise up against the capitalists, then we’re really in trouble.
