Labor

Twenty percent of pensioners over the age of 75 are living below the poverty line, according to a new report published by a charity group for the elderly. Research by Independent Age found that nearly a million older pensioners who lived through the Second World War were much more likely to live in persistent poverty than younger ‘baby boomer’ pensioners. The report suggests the income of those aged over 75 is, on average, £3,000 a year less than younger pensioners. RT reports: The report revealed some 950,000 older pensioners are living in poverty.

First McDonalds, then Wendy's, soon Carl's Jr., and now KFC. The minimum-wage-driven automation of the lower-end of the workforce is accelerating...

Submitted by Nick Bernabe via TheAntiMedia.org,

Colonel Sanders is raising a robot army to serve fried chicken at a restaurant near you. KFC’s first automated restaurant, called Original+, went live in Shanghai on April 25th, complete with an artificially intelligent robot manager named “Du Mi” who works at the front counter.

Submitted by Mike Shedlock via MishTalk.com,

In direct response to higher wage prices and the firming of commodity prices, Wendy’s is going to install self-service ordering kiosks at 6,000 locations. McDonald’s is expected to follow at a slower pace.

Investors Business Daily reports Wendy’s Serves Up Big Kiosk Expansion As Wage Hikes Hit Fast Food.

Tax revenues for the state of California have come in nearly a billion dollars below projections, which is causing Governor Jerry Brown to amend his $171 billion spending plan that was just proposed in January.

As Reuters reports, California's tax revenues came in $869 million less than forecast for the first four months of the year. Governor brown is now expected to cut some of the proposed spending increases in education, healthcare and infrastructure as a result of the miss.