Slashdot Mirror
Higher Minimum Wages Bring Automation and Job Losses, Study Suggests (axios.com)
An anonymous reader shares a report via email: As of the start of the year, 19 U.S. states had raised minimum wages, dramatizing a long simmering debate: Do minimum wages kill jobs, and make the working class worse off in the end? Or do they simply make them a little richer, with little or no loss to overall employment? In a new paper, economists Grace Lordan of the London School of Economics and David Neumark of UC Irvine parse 35 years of census data and come down on the worse-off side: For lower-skill jobs like bookkeepers and assembly-line workers, they say, higher minimum wages encourage employers to automate -- according to their calculations, a $1 increase can cost tens of thousands of jobs nationally.
Great, just great. Someone just got killed nazis over the weekend, and now we have the fascists coming out trying to scare us away from asking for a living wage so we can survive because it supposedly causes "job losses" and "automation". This is exactly what these nazis want us to think. We need to start removing these people from our societies permanently.
1) of course, but only if it were WORTH it to automate, if you can hire someone for $5/hr but it would cost you tens of thousands to automate then why go through the hassle and risk, any minimum wage law of any level kills jobs for this reason
2) this notion of any job requiring to provide a living wage is absolute garbage, there are MILLIONS of teens, seniors, spouses and people who want to work, who will work, for much less than $10/hr if given the chance, who OMG, DON'T NEED OR WANT A LIVING WAGE, and this economic activity is KILLED by minimum wage laws.
Or, go to Somalia and see the utopia that arises in the absence of meddlesome government.