Minimum wage hikes could speed up move to automation, researchers say
Minimum wage hikes could speed up move to automation, researchers say
- June 18, 2018
- Research by David Neumark, economics, via CNS News, June 18, 2018
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However, new research by academics at the London School of Economics and the University
of California, Irvine has found that raising national minimum wages has led to low-skilled
workers being replaced by machines and other forms of automation. LSE associate professor
Grace Lordan and Professor David Neumark of UCI studied the demographics of the United
States from 1985 to 2015, and linked a ten percent increase in the minimum wage to
a 0.31 percent decrease in the total share of tasks that, while capable of automation,
are still carried out by low-skilled workers.
For the full story, please visit https://www.cnsnews.com/news/article/kevin-mccandless/uk-parties-pursue-minimum-wage-hikes-researchers-warn-move-may-speed.
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