Automation, minimum-wage hikes and jobs: A perfect storm brews
Automation, minimum-wage hikes and jobs: A perfect storm brews
- August 25, 2017
- David Neumark, economics, in the Star Tribune, Aug. 25, 2017
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Economic observers are wondering whether rising wage inequality in our era and falling
workforce participation may owe something to the uniquely widespread effects of information.
David Neumark at the University of California, Irvine, wrote that they “focus on automation
as it has been one of the dominant forces that has threatened low-skilled jobs in
the United States in recent decades … . Minimum wages can exacerbate these changes,
when they raise the price of low-skilled labor in automatable jobs, for which machines
can be substituted.”
For the full story, please visit http://www.startribune.com/automation-minimum-wage-hikes-and-jobs-a-perfect-storm-brews/441779463/.
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