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Yes, there is plenty wrong with this. It is a strange economic intervention that distorts incentives and rarely helps low-wage populations or innovation. Unfort
by mgraczyk 7y ago
Yes, there is plenty wrong with this. It is a strange economic intervention that distorts incentives and rarely helps low-wage populations or innovation. Unfortunately there are other options besides "automate" or "pay more".
For example, you can pay people under the table, outsource, close down your business (as many restaurants do), change your business model to require less labor (many restaurants in the US are switching from full service to counter-serve). None of these are good for workers.