DQD

McDonald's announced they're replacing cashiers with kiosks in California just after the $20 minimum wage kicked in. Shocking to absolutely no one who understands basic economics. When you artificially price labor above its market value, employers find substitutes. Machines, automation, or they simply eliminate positions entirely. The teenagers who desperately need that first job experience? Gone. The single mother trying to re-enter the workforce after years away? Priced out by someone with more skills. You've just created a legal barrier that prevents the least skilled workers from competing on the one thing they had going for them: willingness to work for less while they build experience. Politicians pat themselves on the back for "helping workers" while unemployment among young minorities hits double digits. The workers who keep their jobs benefit (temporarily), but the invisible victims, those who never get hired in the first place, don't make headlines. Economics doesn't care about your good intentions.

JUST IN: UK Government clarifies adults will still be able to use social media by verifying their identities with digital IDs, facial recognition, passports and credit cards.

You are a taker, not a maker. All you’ve done your whole life is take from the makers of the world. The zero-sum mindset you have is at the root of so much evil. Once you realize that civilization is not zero-sum and that it is about making far more than one consumes, then it becomes obvious that the path to prosperity for all is just let the makers make. Regarding Tesla, the reality is that I have been given nothing. However, if I lead Tesla to become the most valuable company in the world by far and it stays that way for 5 years, shareholders voted to award me 12% of what is built. Anyone who wants to come along for the ride can buy Tesla stock. If Tesla “merely” becomes a $1.999 trillion dollar company, I get nothing. This is a great deal for shareholders, which is why they voted so overwhelmingly to approve this, for which I am immensely grateful. And they did so by a margin far more than you won your political seat.