The Tech Revolution Rides On A Wave Of Lost Jobs

The Tech Revolution Rides On A Wave Of Lost Jobs

Uber lost over 1.2 billion dollars in the first quarter of 2016 – with most of this loss incurred as a result of paying its drivers. The company’s long term plan is reap a windfall by getting rid of the drivers and replacing them with self-driving vehicles.

Fast food companies, pressured by moves to increase the minimum wage to $15 dollars have been concerned about profits. Their long term plan is to get rid of the part of their businesses that complain about low wages, ask for health care benefits and are generally inefficient – the humans. "It’s cheaper to […]

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