As fast food employees push to increase the minimum wage, the former CEO of one chain warns that could be counterproductive.
That is because the robots are not only coming, they're already here. Big corporations in key industries have begun replacing humans with automation in a way that negates the need to pay bigger salaries, or even improve work conditions.
"Automation is coming, but there's no reason to rush it," Andy Puzder, the former chief of CKE Restaurants, told CNBC's "On the Money" in an interview.
"The problem at the retail level is when you increase the cost of labor it accelerates the implementation of automation," said Puzder, who in the past has said automation is part of the future of low-skilled labor, even as he backed human-based customer service in a Wall Street Journal editorial last year.