Dear Reader,
So much for the $15 an hour minimum wage marches and laws recently put in place…
Capital always goes where it is treated best.
And in the case of one of the largest employers in the U.S., the movement away from humans is getting cheaper by the day thanks to government wage laws.
According to a report released by Cowen, McDonald's will replace cashiers in 2,500 restaurants by the end of this year, and another 3,000 in 2018.
Mobile phone orders will also be available in all 14,000 U.S. locations this year!
70% of fast food transactions are in the drive-thru. You'll now be able to just click on an app, place your order, and walk in and pick it up or go through the drive-thru. Either way, ordering your meal will be easier than ever and will require no additional help (human workers).
This trend will continue in all fields.
Every industry and every job is about to be transformed.
In 2015, Hadrian X was revealed in Australia. This is a brick laying robot that can build a house 4x faster than humans.
It's capable of stacking 1,000 bricks per hour with exact precision.
The reality is jobs are vanishing.
It's why having multiple streams of income is a must for the new economy.
Diversification of income, living within your means, and being a habitual saver are the keys to financial freedom.
I believe it's more important than ever to focus on wealth building. If nothing else, it will allow you to build up a financial moat around your life to prepare you and your family for all of the rapid changes that are coming in our world from new technologies.
Best Regards,
Daniel Ameduri
President, FutureMoneyTrends.com