Quote:
Originally Posted by Street Pharmacist
You're missing the point. Automation is coming regardless of employee wage and the rate is more technology cost driven than wage displacement.
So you're angle is: better to let them work for $10 than not at all. If so, why even have a minimum wage?
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This is pretty much true. The minimum wage debate is rather inconsequential in the long run. We need to figure out a way to support a society where a good portion of the population are unemployed or underemployed. You have automation coming for the service industry, a whole bunch of new technologies that are going to shake up the agriculture industry, and I would imagine as AI advances almost all industries are either going to look drastically different than they do now or cease to exist.