Saturday, April 7, 2018

Robots and the minimum wage

 In California, a robot is apparently flipping burgers. Yet another blow to the "lets raise the minimum wage" crowd.  If you are a business owner and you have to choose between paying a teenager 15.00 bucks an hour or paying a robot nothing per hour, what are you going to choose? If the robot is initially affordable (and it obviously is, that's why it's doing the job here), than you might save money in the long run.  If states keep raising minimum wages, this is what will happen to all entry level jobs.

Do you fear automation? You shouldn't. Automation makes our lives easier. Sure, it'll cause some people to lose their jobs but they'll adapt. They'll go back to school to learn new skills or they'll simply find another job that won't be automated. You can fear the future or, since the future is largely indifferent to your feelings, you can learn to adapt.

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