Real Estate investor Sam Zell makes bets on California real estate while expressing concerns about a market correction as the billionaire reveals isn’t a big fan of raising the minimum wage. Sam Zell: Robots to take over entry-level jobs Raising the minimum wage could lead to robots taking over entry level jobs, which could stunt the employment cycle, Zell told CNBC in a wide ranging interview. “The tinkering with the minimum wage is a very dangerous game. You start talking about a $13 or a $15 minimum wage, and you’re going to have robots that are operating McDonald’s.” Based on…
Zell Says Wage Hikes Leads To Robots Running McDonalds
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.