2 ms·
It's not as direct as that, but certainly the more expensive labor is, the more incentive companies have for automation, which reduces the number of jobs. If m
by satyrnein 8y ago
It's not as direct as that, but certainly the more expensive labor is, the more incentive companies have for automation, which reduces the number of jobs. If minimum wage were lower, we might not see so many self checkouts at grocery stores, and instead employ more cashiers.
I'm not saying the minimum wage or automation are bad, but it's simplistic to claim wage levels and employment have no relationship.