Back in 2014, I wrote a post that asked, “Why are minimum wage proponents dismissing automation risk?” I just wasn’t getting a sense from the “Fight for 15” crowd that it had thought much about the possibility that dramatically raising the minimum wage might worsen the competitive position of low-skill humans versus machines. Members of the audience cheer as they listen to speakers at a union rally for higher minimum wages in New York, January 4, 2016. REUTERS/Lucas Jackson Or maybe it had, but the politics were so tantalizing that they took precedence over sound policy. My conclusion back […]
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