Interesting new research summarized by Noah Smith
“Lordan and
Neumark’s findings seem to confirm people’s fears that minimum wages will
hasten the dreaded rise of the robots. That will certainly be used by
minimum-wage opponents to make policy makers think twice about raising the wage
floor. But this fearful reaction is probably overdone. Automation spurred by
high wages could be a very good thing for the economy, in the long term.”