Tuesday, February 26, 2019

Is it a robot conspiracy?

J.D. Tuccille writes in Reason,
In recent weeks, Illinois mandated a huge increase in the state minimum wage, Pennsylvania's governor proposed to double his state's minimum wage, and New Mexico lawmakers moved forward with a plan to raise the minimum wage there, too. Hiking the cost of labor is a popular cause once again—even among people who've demonstrated in the past that they know perfectly well this is a recipe for limiting opportunity and trapping people in poverty.

It's tempting to say that people are actually getting stupider about economics. But maybe, instead, it's all part of a conspiracy by robots who are poised to be the big beneficiaries of an artificially crippled job market.
Read more here.

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