Automation and the Minimum Wage

Faith Burton and Scott Wolla

Page One Economics Newsletter, 2021

Abstract: This issue explains how a higher mandated minimum wage may lead some firms to substitute capital for labor, likely reducing job opportunities.

Keywords: automation; minimum wages; earned income tax credit; human capital; marginal costs; nominal; physical capital; price floor; surplus; technological change (search for similar items in EconPapers)
Date: 2021
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