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Thursday, May 20, 2021

THE PANDEMIC IS CHANGING THE NATURE OF FAST FOOD

  From Worldometer (new  COVID-19 deaths yesterday):

        DAY  USA  WORLD   Brazil    India    South Africa

June     9    1093     4732         1185       246       82
July    22     1205     7128        1293      1120     572
Aug    12     1504     6556        1242        835     130
Sept     9     1208      6222       1136       1168       82
Oct     21     1225      6849         571        703       85
Nov    25      2304    12025        620        518      118
Dec    30      3880    14748       1224       299      465
Jan     14      4142    15512       1151       189      712              
Feb      3       4005    14265       1209       107      398
          25       2414    10578        1582       119      144
Mar     2        1989      9490        1726       110      194
          31       1115     12301        3950       458       58
April   6          906     11787         4211       631       37
May    4         853     13667         3025     3786       59 
         19         636     13155         2485     3880     167

Summary:

The New York Times today reported that the labor shortage faced by businesses is caused by a variety factors, including the Congressional economic packages, but the primary cause is that the pay rate has not increased as much as company profits:


The problem will go away when the free enterprise system kicks in, as for example:


Bank of America announced Tuesday that it would raise its minimum hourly wage to $25 and insist that contractors pay at least $15 an hour.


There might be no need for Congress to intervene on minimum wage.


In that TIME 100 Influential Companies issue I mentioned earlier this week, one company was Yum China, which has 10,000 restaurants in 1400 cities in the country.  While the USA essentially invented fast food, China is shepherding the spreading revolution.  They have established a system of contactless payments and home-delivery to serve germophobic customers.  83% of their KFC, Taco Bell and Pizza Hut sales in the recent quarter were digital orders. 

To the right, CEO Joey Wat.  They are also creating new dishes:

Here is one of their driverless vans:


However, USA continues to innovate, and here is Amazon's transitioning store:


Italian grocery store:

To close, SMILE...

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