Zell Says Wage Hikes Leads To Robots Running McDonalds

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...