If you’ve been following the ongoing debate over the “Fight for 15” and steep increases in the minimum wage, you’ll want to check out this article from James Pethokoukis at the American Enterprise Institute. He’s examining the new NBER working paper , “ People Versus Machines: The Impact of Minimum Wages on Automatable Jobs ” by Grace Lordan and David Neumark. In case you haven’t guessed from the title, it’s an analysis of the effect of higher minimum wages on the rate at which business shift from hiring lower skill, minimum wage workers to implementing automated / robotic solutions.
Here’s […]
Full Post at hotair.com