A new study finds that the fight for a $15 minimum wage could hurt the very workers it is intended to help. Economists Grace Lordan and David Neumark find that "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 unemployed."
Their findings seem to confirm speculation that the fast food industry, a key industry targeted by minimum wage activists, is responding to wage hikes around the country by replacing cashiers with self-service kiosks and other kinds of robots. Wendy’s, for instance, plans […]
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