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The article is paywalled, so I'm just going by the title, but one thing holding back labor productivity is low wages. When wages are low, labor-saving technolog
by jwmhjwmh 4y ago
The article is paywalled, so I'm just going by the title, but one thing holding back labor productivity is low wages. When wages are low, labor-saving technology is less likely to be cost-effective. It's funny when Hacker News' innovation-loving capitalists oppose minimum wages, since by doing so they are holding innovation back.