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To: econjack

The minimum wage adjusted for inflation is at an all time low. So automation is happening in spite of record low unskilled labor costs.


86 posted on 12/13/2019 11:17:00 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

First, I’d like to know where you got the inflation-adjusted minimum wage data. Second, a 30% wage increase, either in real or monetary terms, is going to cause dislocations...period. Finally, substitution of capital for labor occurs for reasons other than wage rates. Machines always show up for work, no shift understaffing issues, no vacation or maternity leave, no personnel issues. Hassle costs alone would cause a shift.


88 posted on 12/13/2019 12:11:17 PM PST by econjack
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