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I'd argue the root cause is the decreasing utility of unskilled labor in an increasingly automated economy. Automation is inevitable, not the result of a few ex
by dxhdr 10y ago
I'd argue the root cause is the decreasing utility of unskilled labor in an increasingly automated economy. Automation is inevitable, not the result of a few executives "authorizing" R&D. Describing it that way is a gross mischaracterization.
> The issue is that someone's trying to imply that merely proposing that the US has a modest minimum wage is enough to endanger people's livelihoods.
I didn't interpret the argument that way. To me it read as: look, here's a machine replacing unskilled labor at the current minimum wage, imagine how much more common this will be if it were raised to $15? Unfortunately they didn't provide any actual economic analysis as to the answer to that question and instead just smeared a political party; very low quality article indeed.