Raising minimum wage will raise something else: An army of robots taking away folks' jobs Raising the minimum wage increases the chance employers will automate low-skill jobs away, according to a paper published this week through National Bureau of Economic Research, a non-profit group of econ wonks. In People Versus Machines: The Impact of Minimum Wages on Automatable Jobs, Grace Lordan, associate professor in …
"Yet Neumark, in a phone interview with The Register, scoffed at the notion of robot-driven mass unemployment. "There's an age old debate about automation and jobs," he said. "If we believed what that debate had to say, then no one would have a job anymore.""
Another dinosaur ignoring the coming problem! Automation may very well make the majority of humans un (or under) employed, particularly those with little or no serious education.
When the cost of automating a job is on the close order of the total cost of having a human do it, that job is toast. People are a pain in the bum. They call in sick, they always want a rise and they steal from the company. If the job doesn't require any imagination, why have a person do it? Minimum wage jobs are also notorious for high turnover. Just when you think that it shouldn't take more than 30 seconds to train somebody to do something, you have forgotten that this year's idiot is a vast improvement and the goberment has mandated another several hours of "sensitivity" training so staff will know what to call He/She/It/youmustbejoking properly so not to offend. I'm unemployable for public facing jobs since I have the tendency to just burst out laughing or vomit when encountering the gender/species confused. I don't see my condition as a handicap, thanks.
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