Here’s new evidence minimum wage hikes result in workers being replaced by robots

Here's new evidence minimum wage hikes result in workers being replaced by robots

There is new evidence that raising the minimum wage pushes business owners to replace low-skilled workers with automation. And it shows that old, young, female and black low-skilled workers face the highest levels of unemployment after a minimum wage increase.

Economists Grace Lordan of the London School of Economics and David Neumark of UC Irvine studied 35 years of government census data for their working paper, which was released in August, titled " People Versus Machines: The Impact of Minimum Wages on Automatable Jobs ."

"Based on [current population survey] data from 1980-2015, we find that increasing the minimum wage decreases […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.