Will a higher minimum wage lead to more automation? With the minimum wage now 20 years old in this country, it’s striking how often the same old arguments are trotted out against it.
The latest missive from the Institute from the Institute Fiscal Studies appears to be a variant on that theme.
The think tank warns that increasing it too much could help to encourage automation, and thus cost jobs. The robots are coming!Actually it’s case is a little more nuanced than that. It points out that with the wage rising rapidly under the Tories, and slated to rise still faster […]
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