Well, maybe fast-food restaurants were a low-interest-rate phenomenon or whatever the equivalent term is (a high-labour-supply phenomenon?). If that kind of business can't afford good enough working conditions to get a decent supply of labour while selling its products at a decent price, then yeah, the whole industry will burn. But if there's a demand for it then sooner or later someone will start offering it. I think that probably looks like a decoupling between middle-class-oriented (e.g. Costco or Chipotle) and working-class-oriented.

I promise I’m not that whiggish when it comes to automation, but there was a time when a good portion of human labour was washing clothing, and now that’s become much less of a thing for much of the world.

Perhaps food service and in-person retail will start to go that way too. It’s my hope we can navigate that and still make a place where it won’t be so bad.