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Raising the Minimum Wage Leads to Job Cuts, Accelerates Automation

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Raising the Minimum Wage Leads to Job Cuts, Accelerates Automation
Activists appeal for a $15 minimum wage near the Capitol in Washington on Feb. 25, 2021. J. Scott Applewhite/AP Photo
Antonio Graceffo
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Commentary

Proponents of a higher minimum wage believe it would reduce poverty, while economists believe it would reduce employment. Meanwhile, rising labor costs are driving automation to make workers redundant.

Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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