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Comment Re:Hello automation! (Score 1) 1040

This is how it's supposed to work. A higher minimum wage forces firms to use their employees more productively (by training, investing in equipment, etc). Workers will rise in productivity to meet the minimum wage, since using workers in a low-productivity way is no longer a legal option. However, it doesn't work the way around: greater productivity has *not* led to higher wages, for the 99% in the last 30-40 years, the way we learned it in Econ 101. That truism has been proved false with recent experience. Anyway, this is my own innovative theory, but I stand by it empirically.

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