Well-meant minimum wage increases will accelerate automation

Summary: The class war heats up as cities and states raise their minimum wages and long-ignored labor laws are revived (e.g., over-time). While effective in the short-term, is this an effective response to the new industrial revolution — or a counter-productive response that will accelerate job losses from automation? The campaign to increase the cost […]

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This article by Editor of the Fabius Maximus website originally appeared on fabiusmaximus.com on April 02, 2016 at 12:30PM