Minimum Wage Hikes Lead to More Robots, Study Finds
Minimum wage hikes lead to more robots in the workforce, according to a National Bureau of Economic Research study. The study found from 1980-2015 minimum wage hikes caused low-skilled workers in automatable positions to lose their jobs in favor of machines.
According to CNBC, automatable jobs include positions like supermarket check-out clerks, who can be replaced by self- serve checkouts and assembly-line workers at manufacturing plants, who can be replaced by robotic arms.
The federal minimum wage is $7.25, but more than half of the states have higher minimum wages.