Researchers from the National Bureau of Economic Research have published a paper noting a relationship between automation and the minimum wage. From 1980 to 2015, a $1 increase in the minimum wage resulted in a 0.43 percent decline in automatable jobs. Benefiting Whom, Exactly?
The desire for a higher wage is pretty self explanatory. However, the impact a minimum wage increase could have on society is not so clear.
In an effort to shed light on this subject, researchers at the National Bureau of Economic Research (NBER) conducted a study , and they’ve concluded that a minimum wage hike might […]
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