Low-skill workers are under threat either way, it appears
Raising the minimum wage increases the chance employers will automate low-skill jobs away, according to a paper published this week through National Bureau of Economic Research, a non-profit group of econ wonks.
In People Versus Machines: The Impact of Minimum Wages on Automatable Jobs , Grace Lordan, associate professor in health economics at the London School of Economics, and David Neumark, professor of economics at the University of California, Irvine, show that raising the minimum wage may have unintended consequences."Overall, we find that increasing the minimum wage decreases significantly the share […]
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