4 ms·
It will dictate when the labor-saving technology is cheaper than cheap human labor. If fast food workers were making $200/hour, it would probably be cheaper to
by Domenic_S 12y ago
It will dictate when the labor-saving technology is cheaper than cheap human labor. If fast food workers were making $200/hour, it would probably be cheaper to replace them with robots today.
Keeping that inflection point far away gives us time to solve other issues (like housing affordability) that will impact the minimum-wage class of workers extremely hard when they're automated out.