Why the Minimum Wage Will Impact Diners Sooner Rather Than Later

June 13, 2016

Prepare for Automation in Your Favorite Restaurants, Says Nationally Syndicated Host of ‘Financial Issues’ Dan Celia

PHILADELPHIA—Hungry diners who walk into a Wendy’s for a burger and fries in the near future can expect to see much more automation in the process of ordering lunch. Sit down at an Applebee’s or a Chili’s sometime this weekend, and there’s already an automated way to order and pay right at the table. No need for actual workers—workers whose minimum wages are creeping toward $15 per hour.

While many think a higher minimum wage will put more money in Americans’ pockets, in reality, it will empty those wallets, as restaurants and other industries are forced to raise prices to cover the increasing labor costs, says financial expert and national radio and television host Dan Celia, who leads Financial Issues Stewardship Ministries (FISM, www.financialissues.org).

“Donald Trump has it right—the minimum wage needs to be set by the states, not the federal government,” Celia recently wrote in a column for Townhall Finance. “Some time ago, after the minimum wage increased in California, I wrote an article expressing my amazement that nothing had been learned from what happened to the state of Washington, where the minimum wage climbed higher and higher. It wasn’t a pretty picture. In the same article, I predicted that fast-food restaurants and other industries would soon be using more automation to eliminate jobs—and that began happening almost immediately.”

In fact, former McDonald’s CEO Ed Rensi recently wrote a column for Fox News where he says that the “Fight for $15” will “threaten entry-level career opportunities for people who need them the most—ironically, many of the same entry-level workers picketing restaurant businesses now.”

Most restaurant businesses—including McDonald’s—are run by individual franchisees who by and large operate independently of corporate headquarters, Rensi added. “These franchises are faced with slim profit margins, with business expenses like staff and rent offsetting a large chunk of revenues from sales. As such, franchisees are ill-prepared to pay their employees more for the same work if they hope to keep hiring new people and expand their business. A $15 hourly wage would effectively make employees more expensive without increasing revenue, eating away at the profits job creators need to stay afloat.”

While many are attacking Trump for his business failures, Celia—an entrepreneur himself—says that anyone who tries anything will fail at something.

“We need someone in Washington who understands what it takes to be successful—someone who can learn from past failures,” Celia said. “We don’t need politicians like Bernie Sanders and Hillary Clinton, who both claim that today’s minimum wage is not sufficient for anyone to live on. Unfortunately, they are missing one key component. The minimum wage was never designed for anyone to raise a family or to live on. It was designed as a stepping stone—an entry place into the workforce to help young people hone their skills and then find opportunities to move up.”

The Obama Administration, however, has removed any opportunity for people to move up to the middle class because it’s been annihilated, Celia added. Now, some see an increase in the minimum wage as the only way to replace that opportunity.

“This economically inept ideology that has permeated Washington is front and center on the Democratic side of the presidential race. These candidates must be banking on most of the American people being as ignorant now as they were in 2008. A federal minimum wage will never help the economy. It will never create more and better jobs—in fact, it will do just the opposite.”

Each day, Celia addresses important financial headlines and takes calls from around the country on his daily radio and television program, “Financial Issues,” which airs on more than 600 radio stations. The program is also seen on the National Religious Broadcasters (NRB) television network, reaching 45 million households, and BizTV, which reaches millions more in major markets.

Celia focuses on financial stewardship every day when talking to thousands who want to honor God with their finances. He also often educates listeners and viewers about his stock “sell” list, encouraging those who strive to be biblically responsible with their investing to sell certain stocks based on the company’s involvement in immoral or anti-biblical issues, such as having stake in Planned Parenthood funding, pornography, same-sex marriage or other matters that should be concerning to Christians.

A financial expert and author backed by decades of financial experience, Celia is personally in touch with thousands of people each week from across the country. He has worked for 35 years as an entrepreneur and businessman, and has developed a biblically responsible system of financial management with great success. Celia started his radio program in 1997 and has interviewed newsmakers, experts, lawmakers and presidential candidates. He speaks at conferences, town hall meetings and investment conferences around the country, is the author of six books and publishes a weekly newsletter.

For more on Financial Issues Stewardship Ministries, visit its web site at www.financialissues.org, its Facebook page, the YouTube channel, Financial Issues with Dan Celia or its Twitter feed, @financialissues.

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To interview Dan Celia of Financial Issues Stewardship Ministries, contact Jen Retallick, 610-584-1096, ext. 100, Media@HamiltonStrategies.com, or Deborah Hamilton at 215-815-7716 or 610-584-1096, ext. 102.

Dan Celia is president and CEO of Financial Issues Stewardship Ministries and host of the national syndicated radio talk program “Financial Issues,” heard daily on more than 600 stations across the country and in millions of homes through NRB-TV, BIZ-TV and others. FISM believes that only revival will transform America back to its Judeo-Christian heritage and biblical values.

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