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Your examples are instances of technology affecting employment, not effects of the minimum wage. And continuing to depress the cost of wages will not stop devel

• natecavanaugh 12y ago
  It doesn't stop the development of labor automation, but instead increases it, much against the interest of those that fought against the maintenance of current wages. It's like when oil producers increase prices, as a side effect, they also increase the likelihood of a competing technology replacing them. It makes sense in the short term, but speeds up the long term effect. Of course, this is neither here nor there to the "aught/naught" debate.
  • anigbrowl 12y ago
    A bird in the hand is worth two in the bush; I think most people in low-wage jobs would rather get paid a decent amount today and have some meaningful financial options than be offered an alternative of longer tenure on slim wages, which is only attractive if you don't think there's any prospect of getting any other kind of job.