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One study I saw suggested that 90% of workers saw improvements. Edit: see https://www.nber.org/papers/w12497.pdf https://www.nber.org/papers/w12497.pdf
by ikeboy 11y ago
One study I saw suggested that 90% of workers saw improvements.
Edit: see https://www.nber.org/papers/w12497.pdf https://www.nber.org/papers/w12497.pdf
- Nursie 11y agoWell, that's certainly interesting. It does say there seemed to be a small negative effect on the least educated, who are presumably competing for jobs at the low end.
- ikeboy 11y agoYes, those without a high-school degree saw a small decrease. Although even that may be countered by lower prices, I've seen that argument somewhere.
- Nursie 11y agoQuite likely, there will be a feedback mechanism allowing businesses to produce cheaper products if they have access to a larger (and therefore cheaper) labour pool.