Minimum wage boosts are great—for robots
- February 26, 2019
- Research by David Neumark, economics, via Reason, Feb. 26, 2019
"Increasing the minimum wage decreases significantly the share of automatable employment
held by low-skilled workers, and increases the likelihood that low-skilled workers
in automatable jobs become nonemployed or employed in worse jobs," Grace Lordan of
the London School of Economics and David Neumark of the University of California,
Irvine, reported in a paper published last year in Labour Economics. They drew their
conclusions after reviewing data from 1980 through 2015.
For the full story, please visit http://reason.com/archives/2019/02/26/minimum-wage-boosts-are-greatfor-robots.